Bolton-Tremblay Indicator

The Bolton-Tremblay Indicator is a more complex version of the basic advance to decline ratio indicators. The indicator is created by taking the ratio of advancing issues to unchanged issues and the declining issues to unchanged issues. The square root of the absolute differences between the ratios is added to the previous BT value. This indicator is used to spot trend changes in the overall market and general market strength and weakness.

Formula:




Copyright © 2016, FM Labs, Inc.