The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate Market Direction and Strength by Gregory L. Morris, Tom McClellan (Foreword) ISBN 9780071444439, 0071444432, B018CLKYHW instant download

The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate Market Direction and Strength by Gregory L. Morris, Tom McClellan (Foreword) ISBN 9780071444439, 0071444432, B018CLKYHW instant download

Market breadth indicators, i.e. advance/decline, new high/new low, or up/down volume, allow technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, they give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each.
.
Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use.
.
The Complete Guide to Market Breadth Indicators is the most comprehensive and vivid collection available of market breadth indicator information and features ideas and insights from market veterans including John Murphy, Don Beasley, Jim Miekka, Tom and Sherman McClellan, and numerous others. Chapters are first categorized based upon the mathematical relationship between the breadth pairs. Each indicator is then analyzed to provide information including:
.
    Also known as--other names by which the indicator is recognized
    Author/creator--when available
    Data components required--components of breadth data required to calculate the indicator
    Description--brief description of the indicator
    Interpretation--generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed
    Chart--Chart or charts that best display the indicator
    Author comments--Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more
    Formula--An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula
    References--An indicator-specific bibliography for additional information on the indicator or its creat