Crypto Market Barometer released on advance-decline.net

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  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in

advance-decline.net: Website for free market breadth data launched!

Website launched - Free Market Breadth indicators for your favorite indices

 

A couple of days ago I announced that I started working on a simple website that provides the market breadth data for popular indices.

During the last weeks, I usually took a screenshot of the self-generated market breadth visualization and uploaded it to this blog, so everybody could view indicators such as the Advance Decline Line, the McClellan Oscillator or the McClellan Summation index on their own.

However, this method was not very efficient, since the visitors had to rely on my posting fresh data over and over again. And of course I didn't have the time to post the market breadth data for every index every day, so it might have happened that some visitors needed the latest market breadth data but did not get it.

The clear solution to me was to provide a simple website and upload the daily generated market breadth visualization to this destination.

This way, all visitors could browse through the market breadth indicators every day without waiting for me to post new screenshots.

 

Well, today I finally managed to complete my work on this new website and I was able to launch it today.

I am glad to announce that https://www.advance-decline.net is now publicly available!

This website for free market breadth data is finally here!

You can now browse through the Advance Decline Line, the McClellan Oscillators and more for all listed indices on this website here:

https://www.advance-decline.net

 

 Here is a screenshot of advance-decline.net, showing the home page:

 



What you can see on advance-decline.net

On this new website, you can browse through all listed stock indices and their market breadth data, such as the Nikkei 225, the Hang Seng or even the MDAX and SDAX.

You can also browse our listed crypto indices, such as BitPandas BCI5 and BCI10.

We also added a page explaining how we calculate our market breadth indicators, such as the Advance Decline Line or the percentage of members trading above their SMAs.


What you can expect from https://blog.advance-decline.net from now on

Since the market breadth data will be publicly available on this website here, there is no need for me to upload any more visualizations of market breadth data to this blog.

However, my little series about "State of Dax" will continue to be published here. In addition, I will notify my visitors if something was changed on the website or if there are interesting trading/investment scenarios based on market breadth.


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