How it begin?
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it?
market breadth in this case refer to percentage of stocks above 20 Simple Moving Average ,which could be used as a barometer for the market.
How it works?
This paticular indicator compare the divergence of Nasdaq 100 and Russell 2000 percentage of stocks above 20 Simple Moving Average .
This indicator also include a deduction price method ,which is inspired from LEI & LoneCapital
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it?
market breadth in this case refer to percentage of stocks above 20 Simple Moving Average ,which could be used as a barometer for the market.
How it works?
This paticular indicator compare the divergence of Nasdaq 100 and Russell 2000 percentage of stocks above 20 Simple Moving Average .
This indicator also include a deduction price method ,which is inspired from LEI & LoneCapital
Release Notes:
minor update