[isatrader]

Am new to posting in this forum so hopefully I'm posting this in the right place!

I've taken on a market breadth study and wanted to share a small work in progress section to see a) what people think, b) what value they see in the data.  I obviously have my own pov but would love some diversity of thought.

I've moved the post to this new Members Discussion thread as I want to keep the main threads fairly clean so that members can see the regular content that they are paying for easily. As it's easy for it to get lost in the thread once multiple people start replying, as you start moving off to different pages. So I'll move posts to this thread or other relevant threads if that happens to help keep things organised.

I think your study is great, and is something I've looked at in the past myself as you know how much I value the Percentage of Stocks above their Moving Averages in my market breadth studies. But as you know, it's a manual process creating these each time currently, unless someone codes them up into something more automated someday. So takes a lot of time. So very appreciative of your efforts, and would love to see them regularly.

One thing to note with Percentage of Stocks above their Moving Averages and Bullish Percent Indexes etc, is that they are contrarian breadth indicators, so the field position determines the risk level. i.e. Above 70% is high risk zone and below 70% is low risk zone. So the strongest signals come from reversals out of these zones, when the offensive or defensive team takes the ball.

See the post on the investors intelligence website for how to interpret the data investorsintelligence.com/x/breadth_indicators