Breadth Thrust


Function Name: breadth_thrust

Tags: None

Category: Market Breadth

Breadth Thrust is a 10-day exponential average of the advances divided by the sum of the advances plus the declines. A signal occurs when this indicator goes from under 0.40 to above 0.615 within a 10-day period or less.

Data components required:

- Advances - Declines

What Does Market Breadth Mean? A technique used in technical analysis that attempts to gauge the direction of the overall market by analyzing the number of companies advancing relative to the number declining. Positive market breadth occurs when more companies are moving higher than are moving lower, and it is used to suggest that the bulls are in control of the momentum. Conversely, a disproportional number of declining securities is used to confirm bearish momentum.

The market, in which a security is traded, has to be selected from the parameter drop-down menu (single klick on the index name, then the drop-down appears); e.g. if the ITBM of "Adidas" should be calculated, one has to select "DAX".


Source: "The Complete Guide to Market Breadth Indicators - How to Analyze and Evaluate Market Direction and Strength"

by G. L. Morris, McGraw-Hill

Author:   Martin Zweig