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

NIFTY: Market Breadth Data added for six NIFTY indices

NIFTY stock indices from India: Market Breadth Data for six NIFTY stock indices added to our collection


 

With great pleasure we announce that we managed to add six stock indices from India to our collection.

You can find them on our website for market breadth data (see screenshot above).


What market breadth data we'll provide for the NIFTY indices

We added six of the NIFTY indices, and for all of them we aim to provide the same relevant market breadth data:

 

 Here is a screenshot of the market breadth data for NIFTY 100:



As usual, we'll update the market breadth data for NIFTY 50, NIFTY 100 and the other NIFTY indices after each trading day.

It will take 39 trading days until the McClellan indicators will show up on the charts; they'll be added automatically by our system.

We hope you like our newest addition to our collection and will find those new charts useful for your own trading or investment decisions.








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