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Usage of Breadth Thrust Index
One of the often-used indicators in order to ascertain the market momentum by technical analysts is breadth thrust index. The computation of the above-mentioned technical indicator is done by calculating the amount of progressing/declining issues on an exchange like BSE, are divided by the total number of issues occurring. Thus, 10-day moving average is generated by using the percentage.
Martin Zweig, who was a technical analyst and successful investor, developed this indicator in order to generate the accurate tips by using this indicator. The technical team of Money Classic Research combines this indicator with other technical indicators to produce the accurate tips.
Read More@ moneyclassicresearch.blogspot.com/
Usage of Breadth Thrust Index
One of the often-used indicators in order to ascertain the market momentum by technical analysts is breadth thrust index. The computation of the above-mentioned technical indicator is done by calculating the amount of progressing/declining issues on an exchange like BSE, are divided by the total number of issues occurring. Thus, 10-day moving average is generated by using the percentage.
Martin Zweig, who was a technical analyst and successful investor, developed this indicator in order to generate the accurate tips by using this indicator. The technical team of Money Classic Research combines this indicator with other technical indicators to produce the accurate tips.
Read More@ moneyclassicresearch.blogspot.com/