# STIX

STIX is an oscillator which measures market momentum based on the number of stock market advancing and declining issues.

# STIX

STIX is an oscillator which measures market momentum based on the number of stock market advancing and declining issues.

## STIX Calculation

STIX is an oscillator that consists of an Exponential Moving Average of the ratio of the number of advancing issues to the sum of the number of advancing and declining issues. STIX is expressed as a percentage.

## Application of STIX

STIX values of 56% and greater indicate that the market is overbought while values of 45% and less indicate that the market is oversold.