Breadth Thrust
The Breadth Thrust 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 formations are rare and are a very good indicator of a bull market.
The Breadth Thrust indicator was developed by Dr. Martin Zweig.
Formula:
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