Suppose nosotros mean value of technical indicators every minute measures of forcefulness together with weakness, alongside each giving purchase together with sell signals based upon dissimilar fourth dimension frames together with definitions of strength. One means to assess the overall forcefulness of the stock marketplace would live on to track, over time, how many shares are giving purchase together with sell signals across dissimilar indicators.
The higher upward information rail the cumulative purchase vs. sell signals for every stock inward the NYSE universe based upon the CCI, Parabolic SAR, together with Bollinger Bands indicators (raw information together with signals via the Stock Charts site). I detect it interesting that the cumulative measures accept largely lagged toll gains since the Oct lows. This is what I would facial expression inward an surroundings of weakening stock marketplace breadth. In the wake of dramatic fundamental banking venture actions this by week, I am watching breadth measures closely to encounter if the expansion of global QE breathes fresh life into stocks.
Further Reading: Tracking Strength With the Bollinger Balance
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