Developed by Dr. Martin Zweig, the Breadth Thrust (BT) indicator is a ten period simple moving average of the Advance/Decline Line Breadth.
A Breadth Thrust formation is defined as when the Breadth Thrust indicator moves from below 40% to above 61.5 percent within a ten day period. This indicates that the market is rapidly moving from an oversold condition to a strong up trend.
A Breadth Thrust formation is very rare, but is also a very good indicator of a bull market.
Calculation:
SMA10 = 10-günlük basit MovingAverage
ADV = The number of advancing issues
DEC = The number of declining issues
Inputs:
Group = XU100
Indicates the portfolio, group or index.
Indicator Type: Market Breadth, Trend
See Also