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Zahorchak Breadth Signal shown
lmkwin
✭✭
One of the Breadth indicators on StockCharts is the Zahorchak measure.
Greg Morris, a long time contributor on the StockCharts blogs brought this indicator to StockCharts and also provided a revised version as an alternate.
You can read more about that here:
https://stockcharts.com/articles/dancing/2015/09/zahorchak-measure-ii.html
The chart below shows both the 'old' (top panel) and the revised version. The original version ranged from +15 to -15. The revised version goes from +10 to -10. The 'signal' lines are the same. The line chart for VTI is shown in the top panel for observation purposes.
You may note that the NYSE version has moved above -6 already on the revised and printed -6 today on the original version.
The Nasdaq versions of these indicators hasn't moved above -6 yet.
Greg Morris, a long time contributor on the StockCharts blogs brought this indicator to StockCharts and also provided a revised version as an alternate.
You can read more about that here:
https://stockcharts.com/articles/dancing/2015/09/zahorchak-measure-ii.html
The chart below shows both the 'old' (top panel) and the revised version. The original version ranged from +15 to -15. The revised version goes from +10 to -10. The 'signal' lines are the same. The line chart for VTI is shown in the top panel for observation purposes.
You may note that the NYSE version has moved above -6 already on the revised and printed -6 today on the original version.
The Nasdaq versions of these indicators hasn't moved above -6 yet.
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