Breadth analysis is one of the purest measures of market liquidity. Applicable to virtually any exchange or index of securities for which breadth data is available, it represents the best available footprint of the health and near-term direction of the overall market examined. The Complete Guide to Market Breadth Indicators is the first book to delve into the use, mathematics, and interpretation of the most popular and proven of these tools, and is an invaluable reference for technical traders and investors of all types, and in every market.
Market breadth indicators, i.e. advance/decline, new highs/new lows, or up/down volume, allow the technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, these indicators give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each.
Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use.
The Complete Guide to Market Breadth Indicators is the most compreshensive and vivid collection available of market breadth indicator information and features ideas and insights from market verterans including Tom and Sherman McClellan, John McGinley, Jim Miekka, and numerous others. Chapters are first categorized based on the mathematical relationship between the breadth pairs such as advances and declines. Each indicator is then analyzed to provide information including:
Also know as - other names by which the indicator is recognized.
Author/creator - when available.
Data components required - components of breadth data required to calculate the indicator.
Description - brief description of the indicator.
Interpretation - generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed.
Chart - or charts that best display the indicator, all provided by StockCharts.com.
Author Comments - Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more.
Formula - An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula.
StockCharts.com Symbol - the symbol of the indicators for use on StockCharts.com.
References - An indicator-specific bibliography for additional information on the indicator or its creator, with notes about a particular book or magazine article.
Praise for The Complete Guide to Market Breadth Indicators
“This book should be called the Encyclopedia of Market Breadth Indicators because it includes every form or market breadth known to man. A must for any serious student of this important and overlooked subject.” Martin Pring, Author, Technical Analysis Explained
“In The Complete Guide to Market Breadth Indicators, Greg Morris passes along his many years of experience, describing the market breadth indicators that he finds most effective.” Sherman McClellan, Publisher, The McClellan Market Report
“The most comprehensive study of breadth I’ve ever seen. Here, in one place, you get literally, all the indicators that study the markets innards. All serious technicians will want this book on their shelves.” John Sweeney, Former Technical Editor, Technical Analysis of Stocks and Commodities
Gregory L. Morris was the Chairman of the Investment Committee and Chief Technical Analyst at Stadion Money Management, LLC up until his retirement in 2014. He wrote the seminal Candlestick Charting Explained and its Workbook, and Investing with the Trend. He graduated from the University of Texas with a degree in Aerospace Engineering in 1971. He is a graduate of the Navy Fighter Weapons School (Top Gun) and lives in the mountains of north Georgia.
Market breadth indicators, i.e. advance/decline, new highs/new lows, or up/down volume, allow the technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, these indicators give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each.
Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use.
The Complete Guide to Market Breadth Indicators is the most compreshensive and vivid collection available of market breadth indicator information and features ideas and insights from market verterans including Tom and Sherman McClellan, John McGinley, Jim Miekka, and numerous others. Chapters are first categorized based on the mathematical relationship between the breadth pairs such as advances and declines. Each indicator is then analyzed to provide information including:
Also know as - other names by which the indicator is recognized.
Author/creator - when available.
Data components required - components of breadth data required to calculate the indicator.
Description - brief description of the indicator.
Interpretation - generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed.
Chart - or charts that best display the indicator, all provided by StockCharts.com.
Author Comments - Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more.
Formula - An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula.
StockCharts.com Symbol - the symbol of the indicators for use on StockCharts.com.
References - An indicator-specific bibliography for additional information on the indicator or its creator, with notes about a particular book or magazine article.
Praise for The Complete Guide to Market Breadth Indicators
“This book should be called the Encyclopedia of Market Breadth Indicators because it includes every form or market breadth known to man. A must for any serious student of this important and overlooked subject.” Martin Pring, Author, Technical Analysis Explained
“In The Complete Guide to Market Breadth Indicators, Greg Morris passes along his many years of experience, describing the market breadth indicators that he finds most effective.” Sherman McClellan, Publisher, The McClellan Market Report
“The most comprehensive study of breadth I’ve ever seen. Here, in one place, you get literally, all the indicators that study the markets innards. All serious technicians will want this book on their shelves.” John Sweeney, Former Technical Editor, Technical Analysis of Stocks and Commodities
Gregory L. Morris was the Chairman of the Investment Committee and Chief Technical Analyst at Stadion Money Management, LLC up until his retirement in 2014. He wrote the seminal Candlestick Charting Explained and its Workbook, and Investing with the Trend. He graduated from the University of Texas with a degree in Aerospace Engineering in 1971. He is a graduate of the Navy Fighter Weapons School (Top Gun) and lives in the mountains of north Georgia.
