BCI 10

BCI10 Market Breadth


BCI10 Market Breadth Data

About our BCI10 Market Breadth Data

Advanced vs. Declined for
BCI10

Advanced vs. Declined for BCI10 (sometimes also ADV vs. DECL) is considered as market breadth raw data which can be used for market breadth indicators.

The Advanced vs. Declined data for BCI10 reflects the number of advancing index components vs. the number of declining index components for that trading day. It is calculated by taking the difference between the two previous mentioned numbers.

Advanced vs. Declined shows the strength of a price movement. After reaching an extreme value, the data it usually moves in the opposite direction.

Advance Decline Line for BCI10

The Advance Decline Line for BCI10 is a market breadth indicator that shows shows if the current price movement is supported by the broad market (meaning all index components).

The Advance Decline Line for BCI10 is calculated by taking the difference between the number of advancing and declining index components (see advanced vs. declined data) for each day and adding the result to the previous value.

The Advance Decline Line for BCI10 should confirm the price movement of the index.

McClellan Oscillator for BCI10

The McClellan Oscillator (“MO”) for BCI10 is a market breadth indicator that, very similar to the Advance Decline Line, shows if the index is supported by the broad market. Some also say it reflects if money flows in or out of the market.

The McClellan Oscillator for
BCI10 is calculated by creating the difference of a fast and a slow EMA (Exponentional Moving Average) on the Advanced vs. Declined data for each trading day. This is why the McClellan Oscillator sometimes is also called “the MACD for the Advance Decline Line”.

We will add an explanation on a separate page how to interpret this indicator.

McClellan Summation Index for BCI10

The McClellan Summation Index (“MSI” or “MSCI”) for BCI10 is a market breadth indicator that shows the “health” of a market/index.

The McClellan Summation Index for BCI10 is calculated by continuously creating the sum of all previous McClellan Oscillator values, making it something like the “long-term version” of the McClellan Oscillator.

We will add an explanation on a separate page how to interpret this indicator.

% of Index Members above their SMAs for BCI10

The percentage of index members trading above their SMA50, SMA100 and SMA200 are widely accepted market breadth indicators that show the strength of the current index trend.

The percentages of index members trading above their SMAs are calculated by considering the number of index members above their SMAs and the total number of index components.

We chose the SMA50 because it reflects short-term trends. The SMA100 reflects middle-term trends and the SMA 200 reflects long-term trends.

What about the other Breadth Indicators?

There are more market breadth indicators, and one could ask:

  • Where is the Advance / Decline Volume Line for BCI10?
  • Where is the McClellan Volume Oscillator for BCI10?
  • Where is the McClellan Volume Summation Index for BCI10?
  • Where is the Advance / Decline Ration for BCI10?
  • Where is the New Highs – New Lows indicator for BCI10?

You are right to ask about those indicators, all of them play their important role in analyzing the current index health state.

However, some of those indicators require data which we don’t have (yet) and some of those indicators can already be implemented, but we did not have the time yet to include them in our repository.

Feel free to get in touch with us and provide your own ideas: What are we missing, what should be implemented?

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