A breadth indicator measuring the percentage of MOEX sector indices trading above selected moving averages, providing insights into market momentum and potential trend reversals.
Explore complementary indicator rolesHow it works
The indicator calculates the percentage of 10 MOEX sector indices trading above 50, 100, or 200-period moving averages. Traders can choose between EMA and SMA calculation methods. It plots lines representing the proportion of sectors above these moving averages.
The lines fluctuate between 0-100%, showing market breadth and sector performance. By tracking these percentages, traders can identify overall market sentiment and potential trend strength across different sector indices
Why it may be useful
This indicator provides a comprehensive view of market health by analyzing multiple sector indices simultaneously. It helps traders understand broader market trends beyond individual stock performance. The metric reveals market breadth, showing how many sectors are participating in a particular trend.
It can highlight potential market exhaustion, oversold conditions, and trend reversals. By monitoring sector participation, traders can make more informed decisions about market direction and potential entry or exit points
When to explore it
The indicator works best during trending markets and when analyzing overall market momentum. It is particularly useful for identifying potential market tops and bottoms.
Traders should pay close attention when the percentage of sectors above moving averages reaches extreme levels like over 90% or below 10%. It provides valuable insights during sector rotation, market transitions, and when assessing the strength of a current market trend across different economic sectors
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
