Custom Breadth Data
Posted: 18 Sep 2009
by konstantin
Is there any way to calculate custom breadth data with multicharts?
I would need breadth data based on EOD data and using formulas (like RSI, etc.) on a basket of symbols (100 or more symbols).
Posted: 18 Sep 2009
by Andrew Kirillov
konstantin,
Please check built-in Absolute Breadth indicator in MultiCharts.
Also we have a couple of breadth-related studies in the Knowledgebase.
The McClellan Oscillator is a market breadth indicator that is based on the smoothed difference between the number of advancing and declining issues on the New York Stock Exchange.
http://www.tssupport.com/support/base/? ... le&id=1312
Mark Brown's article "Trading the momentum of market breadth" in Active Trader Magazine, Dec 2000:
http://www.tssupport.com/support/base/? ... le&id=1466