[isatrader]

I've decided to add a new set of custom breadth charts into the mix based around the MACD indicator, which is something I've seen done by an analyst on the Financial Sense website in the past.

I've chosen the sample size to be the S&P 1500 stocks, so that it covers the major large, mid and small caps in the US market and I've set it up so that it has a short, medium and long term measure.

The short term measure is the % stocks on a Daily MACD on Buy Signal in S&P 1500 - which means the % of stocks with a MACD Histogram greater than zero.

The medium term measure is the % stocks with a Daily MACD Line above the Zero Line in the S&P 1500.

The long term measure is the % stocks with a Weekly MACD Line above the Zero Line in the S&P 1500.

I've done from the start of 2015 to begin with, which gives a fairly sparse chart, but when I get time I'll go back and calculate the figures for a 2014 to fill the chart out and give some reference points to compare against. But in essence it's the same concept as the % of stocks above their 150 day MA that I do, except with the MACD data points instead, so the charts should be similar in nature, and will be a good additional confirmation tool to the % of stocks above their 150 day MA.