Home > heikin-ashi > Will Zweig Breadth Thrust indicator hit 61.5%? #markets #trading #trendfollowing

Will Zweig Breadth Thrust indicator hit 61.5%? #markets #trading #trendfollowing

August 15, 2014

 

“A technical indicator used to ascertain market momentum. The breadth thrust indicator is computed by calculating the number of advancing issues on an exchange such as the NYSE divided by the total number of issues (advancing + declining) on it, and generating a 10-day moving average of this percentage. The indicator signals the start of a potential new bull market when it moves from a level of below 40% (indicating an oversold market) to above 61.5% within any 10-day period, a sentiment shift that occurs only rarely.”

Source: http://www.investopedia.com

 

Zweig Breadth Thrust indicator - daily chart from www.educofin.com, home of heikin-ashi.

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