Bellingham, WA -- (SBWIRE) -- 12/22/2014 -- MarketVolume.com has recently introduced a new tool on their website that can analyze Breadth sentiment of market indexes and Exchanges. The tool is called High-Low Range Charts with a main purpose of filling an informational gap in majority of Breadth indicators and show where exactly stocks are listed in a market index or where an Exchange are traded. The High-Low Range Charts were developed by Victor Kalitowski.
Charts Background
There are plenty of Breadth indicators to analyze Market Breadth. These indicators are based on the advance-decline and new highs/lows data of the stocks listed in a market indexes. However, all of these data only indicate overall numbers without going into specifics. Avid followers of market news may often hear items like "advancers topped decliners by 2 to 1" which means that there were twice more stocks which moved up than the stocks which declined on that trading day. Some people may also hear "today 25 stocks hit their new 52-week lows and 180 stocks made their 52-week highs".
These are various bits of valuable information which helps in analyzing market Breadth, however, there are a lot of missing [or ommitted] details which if just surfaced, could have been a better data in market analysis to see the best possible way of a future market trend development.
In both examples described above it is not known where the stocks are traded. In the first example it is understood that on a certain day, twice more stocks moved up than down, however, it will be a guessing game when it comes to where or what these stocks are. It's also particularly difficult to determine whether they are at the bottom of their down-trend or close to their historical highs.
In the second example it's noticeable that 180 stocks made new highs and only 25 stocks dropped to their lows, however, details about where the rest of the stocks are traded aren't disclosed. High-Low Range Charts were developed to visually provide this missing information – to show where all the listed stocks are traded, to dig inside the index and to show the stocks location and movements. These charts could be easily found at
http://www.marketvolume.com/quotes/breadthindexhighlowrangechart.asp
High-Low Range Charts
From now on, by using High-Low Range charts, a market analyst may clearly see where the stocks are traded. The tool can enable anyone to see how many stocks are traded close to their 52-week Highs (are at the top of their up-trends), how many stocks are traded close to their 52-week lows (are at the bottom of their down-trends) and how many stocks are in the neutral range between bullish and bearish stocks.
Monitoring day by day situation of stocks movements within an index also becomes possible while at the same time viewing whether majority of stocks are moving away from their lowest lows or toward them. Details on how many stocks are pushing an index price are also available alongside other relevant information.
A market index's price is based on the stocks listed in this index. MarketVolume.com's team strongly believes that information about stock location obtained from the High-Low Range Charts can substantially highlight market Breadth analysis as it allows to see stock movements hidden from plain-sight view to the general public. This allows analysts, traders and stock frequenters to be a couple of steps ahead and see when the most possible trend reversal may occur in an index's price.
The detailed description of High-Low Range Charts is available at
http://www.marketvolume.com/advance_decline/highlowrangechart.asp
About Market Volume
MarketVolume is one of the leaders in market research and development of new ways to analyze stock markets. Being in research and development for more than 15 years, MarketVolume's team has developed the unique ability to see the missing market information which could be obtained and delivered by using current technology in an environment with a user-friendly interface that appeal to both traders and market analysts alike.
There are a number of unique proprietary technologies that could be found nowhere else but on MarketVolume.com. Some of them are complicated and require more study while other data could be understood on a fly even by a novice trader. Volume, price and volatility are essential trend parameters which need to be analyzed in order to receive a complete picture of a price movement. When it comes to analysis of market indexes Breadth data and their analysis should be added to this list. MarketVolume is one of the rare websites where traders can analyze all of these data to see if they are not missing anything on their own analysis efforts.
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http://www.marketvolume.com/