Editorial Review:
Market breadth indicators, i.e. advance/decline, new high/new low, or up/down volume, allow technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, they give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each. Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use. The Complete Guide to Market Breadth Indicators is the most comprehensive and vivid collection available of market breadth indicator information and features ideas and insights from market veterans including John Murphy, Don Beasley, Jim Miekka, Tom and Sherman McClellan, and numerous others. Chapters are first categorized based upon the mathematical relationship between the breadth pairs. Each indicator is then analyzed to provide information including: - Also known as--other names by which the indicator is recognized
- Author/creator--when available
- Data components required--components of breadth data required to calculate the indicator
- Description--brief description of the indicator
- Interpretation--generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed
- Chart--Chart or charts that best display the indicator
- Author comments--Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more
- Formula--An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula
- References--An indicator-specific bibliography for additional information on the indicator or its creator, with notes about a particular book or magazine article
Breadth analysis is one of the purest measures of market liquidity. Applicable to virtually any exchange or index of securities for which breadth data is available, it represents the best available footprint of the health and near-term direction of the overall market examined. The Complete Guide to Market Breadth Indicators is the first book to delve into the use, mathematics, and interpretation of the most popular and proven of these tools, and is an invaluable reference for technical traders and investors of all types, and in every market.
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Customer Reviews
Average Customer Rating: 
Not for the average investor  2008-02-08
Probably a good book for the professional trader ??, but not a good book for the individual investor. The summary for each breath indicator is clearly explained, but direction of the charts are unclear.
Really rather a good (make that excellent) book  2008-01-07
Mr. Morris compactly covers every imaginable use of New Highs, New Lows, Up Volume, Down Volume, Advancing Issues and Declining Issues. All, that is, except the one his book inspired me to write.
Presented is the construction, how the originator of the idea envisions it use, Mr. Morris' thoughts as a result of using or at least working with the indicator and a chart showing what you should expect to see. I found Mr. Morris' remarks, cautious though they might have been, to be surprisingly useful.
If you don't already know all there is to know about breadth indicators, you may well profit from this book. My only problem is how to write the code to turn a couple of the items presented in the book, along with my variation, into a system. That will require only time and effort and, I am sure will repay the time and capital I put into the book by several orders of magnitude.
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