Sentiment Indicator Archives

Sentiment Indicators: Bullish Percent Index and Percent of Stocks above their own MAs Index

This post is about the demo videos related to Sentiment Indicators, specifically Bullish Percent Index and Percent of Stocks above their own MAs Index, and using them for charting in ChartAlert

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The Bullish Percent Index (BPI) measures the percentage of stocks in an index that are on Point & Figure Buy Signals. It is a useful tool for gauging the overall strength and direction of the market, as well as identifying potential reversals and opportunities.

The Percent of Stocks above their own Moving Averages Index is a market breadth indicator (also a proxy for prevailing market sentiment) that is used to assess the overall health of a stock market or a particular sector within it. It helps traders and investors gauge the strength of the prevailing trend and identify potential turning points in the market.

Sentiment Indicator: Bullish Percent Index

The Bullish Percent Index measures the percentage of stocks in an index that are on Point & Figure Buy Signals; it is a useful tool for gauging the overall strength and direction of the market, as well as identifying potential reversals and opportunities; this feature was introduced in October 2023

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Bullish Percent Index can be based on P&F Charts or even a Line Chart

Sentiment Indicator: High-Low Index, or New Highs-New Lows Ratio, or High-Low Range Index

The High-Low Index, or New Highs-New Lows Ratio, or High-Low Range Index, is a technical analysis tool, a relatively simple but effective indicator, that can provide valuable insights into market dynamics and can be used to gauge the overall market sentiment and identify potential trend reversals or trend confirmations; this feature was introduced in October 2023

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High-Low Index can be based on P&F Charts or even a Line Chart

Sentiment Indicator: Percent of Stocks above their own 21-day Moving Average Index

The Percent of Stocks above their own xxx Moving Average Index is a market breadth or sentiment indicator that is used to assess the overall health of a stock market or a particular sector within it; it helps gauge the strength of the prevailing trend and identify potential turning points in the market; this feature was introduced in October 2023

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Percent of Stocks above their own xxx Moving Average Index can be based on P&F Charts or even a Line Chart

Relative Rotational Charts (RRC)

Sectoral Rotation, or Relative Rotational charts, are a powerful visual tool in assessing how different sectors within a portfolio compare in terms of their relative strength and momentum; it’s easier to spot which sectors are getting stronger or weaker compared to a benchmark, thus highlighting possible changes in market leadership and trends in asset performance

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In a future version of ChartAlert, users can look forward to the introduction of “Relative Rotational Charts.”

However, before delving into these innovative charts, it’s worth noting that the essential components for creating them — namely, the “RS-Ratio” and “RS-Momentum” indicators — have debuted in October 2023.