Breadth Indicator

Breadth Indicator is a technical indicator that uses advancing and declining issues to determine the amount of participation in the movement of the stock market.

Breadth Indicator

Breadth Indicator is a technical indicator that uses advancing and declining issues to determine the amount of participation in the movement of the stock market.


Summary of Breadth Indicators

There are several different breadth indicators, some of which are listed below:

  • Absolute  Breadth Index (ABI) determine market volatility levels by showing how much activity, volatility, and change is taking place on the New York Stock Exchange without considering price direction
  • Advance/Decline Line is a cumulative total of the Advancing/Declining Issues.
  • McClellan Oscillator is a market breadth indicator that shows overbought and oversold trends in the NYSE stock exchange.
  • Haurlan Index consists of three exponential moving averages of the net NYSE advances over declines.
  • Short Term Trading Index (TRIN) uses a formula based on NYSE (or Nasdaq) stock market data including number of advancing and declining issues as well as advancing and declining volume to identify short-term overbought and oversold market conditions. 
  • Upside/Downside Ratio is the volume of advancing NYSE issues divided by the volume of declining NYSE issues.

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