Breadth Zone
by PRASHANT SHAH -
Breadth Zone We discussed how we can plot different breadth indicators. We calculate the percentage of stocks qualifying for a bullish criterion. We can do something similar with bearish criteria, high volatility, high momentum etc. With this calculation, any breadth indicator that we plot will be oscillating between 0 and 100. We have different zones ... Read more
Bullish-Percent
by PRASHANT SHAH -
Noiseless chart indicators I prefer to track breadth indicators based on noiseless charts because it considers both price and volatility. Thomas Dorsey in his book mentioned that Earnest Staby was trying to create an indicator that is bearish when the market is at the top and bullish when the market is at the bottom. He ... Read more
All Sector Breadth
by PRASHANT SHAH -
All sector breadth You must have by now understood the concept of breadth. You can plot breadth on NSE All Sectors group to study the trend and the health of the market. Create a group of all sectors and plot its breadth chart. Think about this for a moment, what will that chart capture? For ... Read more
X-Percent
by PRASHANT SHAH -
X-Percent One of the unique features of P&F charts is that the last column in the chart can either be a column of ‘X’ or a column of ‘O’. Simply stated, if the price is in a column of ‘X’, it is considered bullish and vice versa. Jeremy Du Plessis explained the X-percent breadth indicator ... Read more
Breadth indicators in the trading system
by PRASHANT SHAH -
Breadth indicators in the trading system We discussed some important breadth indicators. Breadth indicators capture the percentage of stocks in a group that are: BullishBearishBullish MomentumBearish MomentumNeutral zone, Bullish zone, Bearish zoneExtreme zone: Overbought, Oversold or Neutral You can plot the same indicator for multiple periods to study the breadth in different time frames. For ... Read more
DT-Percent Indicator
by PRASHANT SHAH -
DT-Percent I have explained another breadth indicator called DT% breadth indicator in my book on the Point & Figure chart. DT% breadth indicator captures the number of stocks trading in the double-top buy column, meaning several stocks trading in the breakout column, and are therefore in a strong momentum. Below is the Nifty 50 candlestick ... Read more
