Breadth Thrust is one of useful technical indicator used in forex technical analysis by many traders. Breadth Thrust is one of the basic market momentum indicators, was developed by Dr. Martin Zweig. He proved that the majority of bull markets start with a Breadth Thrust.

It is calculated by a 10-day exponential moving average of the number of advancing issues by the number of advancing plus decline. If the indicator rose from below 40% to about 61.5% in this reflects a surge in the market is changing from a bullish to an oversold condition.

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The Breadth Thrust Indicator, one of basic market momentum indicators, was developed by Dr. Martin Zweig. (full article)

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Developed by Dr. Martin Zweig, the Breadth Thrust Indicator measures market momentum. (full article)