I made the account on tradingview 2 years ago. But its the last 6 months that i have completely fell in love with this platform. Apart from tools, no other platform gives opportunity to connect with a community of traders like this. I like to call this 'Facebook for traders.' I have been spreading the word about it since months now, and i encourage others to do that same. Lets strengthen the Indian community on this platform.
Let us start with the article now,
Breadth analysis is one of the most valuable aspects in . It introduces a new dimension to analysis, where it reveals the true strength or weakness of the targeted market. Such dimension is not attainable from the standard price and chart.
Breadth Analysis can be applied to any sector in the market or to a specific industry group as long as there is a way to determine their constituents and the components.
In the last few decades analysts have managed to develop some very sophisticated technical indicators based on . Some of which form a part of this article.
indicators are sometimes referred to as broad market indicators, since they do not refer to individual stocks.
Did you know?
In 1901, Charles H.Dow commented in his June 23,1900, editorial in the wall street journal about the number of advancing and declining issues-”Of these 174 stocks, 107 advanced , 47 declined, and 20 stood still.''
This gives us an idea that analysis had been paid attention to long before the studies around such analysis came out.
(I tried to type the whole article here on tradingiew but i am unable to attach pictures, if anyone knows how to, please share in the comment section below so that i do not have to attach an external link. Thanks)
Continue reading the article at https://tradersworld.co.in/2018/08/08/st...