Market Breadth Indicators
$55.00 USD$49.00 USD
Written by Greg Morris, The Complete Guide to Market Breadth Indicators is the most comprehensive and vivid collection available of market breadth indicator information and features ideas and insights from market veterans including John Murphy, Don Beasley, Jim Miekka, Tom and Sherman McClellan, and others.
Market breadth indicators (i.e., advance/decline, new high/new low, or up/down volume) allow 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 likelihood of each.
The 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.
In this book, chapters are first categorized based on the mathematical relationship between the breadth pairs. Each indicator is then analyzed to provide information including:
- Also Known As (AKA) - other names by which an indicator is known
- Author/Creator (when available)
- Data components required - components of breadth data required to calculate the indicator
- Description of the indicator
- Generally accepted interpretations of the indicator, with techniques of different analysts also discussed
- Charts which best display the indicator
- Greg Morris' personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more
- An algebraic formula for the indicator
- An indicator-specific bibliography for additional information on the indicator or its creator
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.
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Book Reviews
"This book should be called the Encylopedia of Market Breadth because it includes every form of market breadth known to man. A must for any serious student of this important and overlooked subject."
Martin Pring
Author, Technical Analysis Explained
"The most comprehensive study of breadth I've ever seen. Here, in one place, you get, literally, all the indicators that study the market's innards. All serious technicians will want this book on their shelves."
John Sweeney
Former Technical Editor, Technical Analysis of Stocks & Commodities
"Rich in detail yet easy to digest and understand. Greg Morris has left no stone unturned in writing what is clearly the leading resource on stock market breadth."
Tim Hayes, CMT
Chief Investment Strategist, Ned Davis Research
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About Greg Morris
Gregory L. Morris is a protfolio manager for PMFM. The developer of candlestick filtering and a globally acknowledged expert and lecturer on candlesticks, Morris wrote the seminal CandleStick Charting Explained and has written a number of investment-related articles. He is a graduate of the Navy Fighter "Top Gun" School and retired in 2004 after twenty-six years as a captain for a major international airline.