Statistics
Available In MasterDATA's Historical Composite Breadth
Datafiles
The table below lists all
the statistics available in MasterDATA's composite
breadth datafiles. The bold text describes
the statistic. For MetaStock users, the
text below the bold text title is the name that
should be used in the two MasterDATA Composite
Plug-in formulas to automatically
retrieve that particular
statistic into a MetaStock function.
Click on the help
button for additional information about the
statistic.
Open Price Of the Index
/ ETF open
High Price Of the Index
/ ETF high
Low Price Of the Index /
ETF low
Close Price Of the Index
/ ETF close
Trade Volume Of the Index
/ ETF tradevolume
Equal Weight Open Price eqwtopen
Equal Weight High Price eqwthigh
Equal Weight Low Price eqwtlow
Equal Weight Close Price eqwtclose
Upper Trend Channel uppertrendchannel
Trend Channel Pivot pivot
Lower Trend Channel lowertrendchannel
Composite
Breadth Statistics:
Total Component Up Trends uptrends
Total Components Advancing
(Advances) advances
Total Component Advancing
Volume upvolume
Total Component New Uptrends newuptrends
Total Components Declining
(Declines) declines
Total Component Declining
Volume downvolume
Total Component Down Trends downtrends
Issues Unchanged
unchanged
Total Volume Of All Components totalvolume
Total Component New Downtrends newdowntrends
Issues Traded traded
Total Component New Highs newhighs
Total Component Quarterly
New Highs qnewhighs
Total Component New 1st
Day Highs newhighs1stday
Total Component Quarterly
New 1st Day Highs qnewhighs1stday
Total Component New Lows newlows
Total Component Quarterly
New Lows qnewlows
Total Component New 1st
Day Lows newlows1stday
Total Component Quarterly
New 1st Day Lows qnewlows1stday
% Of Components Above Their
200 Period Moving Average percentabove200ma
Total Components Above Their
200 Period Moving Average above200ma
Total Components Above Their
50 Period Moving Average above50ma
% Of Components Above Their
50 Period Moving Average percentabove30ma
Total Components Equaling
Their 200 Period Moving Average equal200ma
Total Components Equaling
Their 50 Period Moving Average equal50ma
% Of Components Above Their
30 Period Moving Average percentabove30ma
Total Components Below Their
200 Period Moving Average below200ma
Total Components Below Their
50 Period Moving Average below50ma
% Of Components Above Their
18 Period Moving Average percentabove18ma
% Of Components Above Their
9 Period Moving Average percentabove9ma
Total Components Above Their
30 Period Moving Average above30ma
Total Components Above Their
18 Period Moving Average above18ma
% Of Components Above Their
4 Period Moving Average percentabove4ma
Total Components Equaling
Their 30 Period Moving Average equal30ma
Total Components Equaling
Their 18 Period Moving Average equal18ma
Total Components Below Their
30 Period Moving Average below30ma
Total Components Below Their
18 Period Moving Average below18ma
Total Components Above Their
9 Period Moving Average above9ma
Total Components Above Their
4 Period Moving Average above4ma
Total Components Equaling
Their 9 Period Moving Average equal9ma
Total Components Equaling
Their 4 Period Moving Average equal4ma
Total Components Below Their
9 Period Moving Average below9ma
Total Components Below Their
4 Period Moving Average below4ma
Future Values:
FV2
FV3
FV4
FV5
FV6
FV7
FV8
FV9
FV10
FV11
FV12
FV13
FV14
FV15
Details On Available
Statistics
Index or
ETF Open, High, Low, Close,
Trade Volume
Description:
Historical
price data from 1990 through the current
date (or starting date of the index
or ETF if later) is contained in the
composite .csv datafiles.
Index or ETF Equal
Weighted Open, High,
Low, Close
Description:
composite breadth data is inherently
equal weighted, meaning that
every component counts equally
in the totaled composite number.
For instance, if 328 components
of the S&P 500 Index gain for
the day, the "advances" composite
statistic is 328. One
stock does not carry more or
carry less weight than any other.
On the other hand, the majority
of indexes and ETFs are not
equal weighted, but instead,
either price weighted like the
Dow Jones Industrial Average
or Cap Weighted like the S&P
500 Index.
The possibility therefore exists
that, at least to some extent,
using composite data with market
priced indexes and ETFs could
be like comparing apples and
oranges. To address this
issue, these values reflect
recalculating historical price
history of each index and ETF
as an Equal Weight composite.
For more information about index
and ETF weightings,
click
here
(this is a .pdf file).
Historical price data from 1990
through the current date (or
starting date of the index or
ETF if later) is contained in
the composite datafiles.
Use:
Eliminates any possible weighting
method conflict when using composite
breadth data with an index or
ETF. While the overall
chart patterns remain basically
the same, price moves are generally
smoother. A large price
move in a heavily weighted component
does not overly impact the index
or ETF value unless other components
experience similar movement.
From a technical analysis point
of view, equal weighting might
be considered the ideal weighting
methodology for composites.
In any event, the data is provided
at no additional charge.
It is your decision and your
decision alone to use it or
not.
Calculation:
For each component:
Relative Component
Price
=
100
*
Current Price
Beginning Current
Year Close Price
For the parent index or ETF
Equal Weighted Composite
Price
=
Total of Relative
Component Prices
(above)
Number of Components
Traded
This
calculation is performed
on the open, high, low and
close prices for each data
period to create the historical
price file.
A proprietary
indicator identifying the current trend
of the subject security. Historical
data from 1990 through the current date
(or starting date of the index or ETF
if later) is contained in the composite
datafiles.
Click Here
for an example of this indicator.
Use:
An old
market axiom is "Follow the Trend".
This is true, but also as trends age
there is a growing certainty of an eventual
reversal. Readily "seeing" the
current trend may provide opportunities
for entering positions earlier to take
advantage of such reversals in aging
trends. In any case, knowing the
current trend keeps trading perspective.
Closes
above the middle pivot line (red line
on our web site charts) are defined
as an uptrend, while closes below this
line are indicative of a downtrend.
The above
described MasterDATA Trend Channel Indicator
is calculated for each component issue
of the subject index or ETF. This
information is then compiled to determine
the number of issues within the index
or ETF that are in new or continuing
uptrends or new or continuing downtrends
for any given period. Historical
data from 1990 forward through the current
date (or starting date of the index
or ETF if later) is contained in the
datafiles.
Click Here
for an example of using this statistic.
The indicator is expressed in terms
of percentage.
Use:
If knowing
the current trend of the subject index
or ETF is important, knowing the current
trend of every component issue within
that index or ETF provides tremendous
insight into the "internals" of what
is happening. Overbought and oversold
conditions are readily identified as
well as potential Index turning points
and likelihood of a continuing trend.
Index/ETF
Volume - Advancing, Declining and Total
Volume Of All Component Issues
Description:
The total
advancing, declining or combined volume
of all component stocks within the index
or ETF. While this volume data
is readily available from other sources
for the NYSE, AMEX and NASDAQ composites,
it is available here for all indices
and ETFs followed and contained not
only in the composite datafiles, but
also total component volume is contained
in the historical MetaStock format price
datafiles for all indexes and ETFs followed.
Click Here
for an example of advancing and declining
volume used to calculate two indicators,
the McClellan Volume Oscillator & Volume
Summation Index.
Use:
Total advancing,
declining and combined index/ETF volume
can say a great deal about the current
movement and conviction of the market
index especially relative to historical
volume. This statistic is used
in many composite indicators.
These compiled statistics are used in
calculating the index or ETF McClellan
Volume Oscillator and Volume Summation
Index, TRIN, Arms Index, Open Arms Index,
Climactic Volume Oscillator (CVI), etc.
Total Components Advancing,
Declining, Unchanged and Traded
Description:
The total
number of advancing, declining, unchanged
and traded component issues is calculated
for the index or ETF for the given data
period. Historical data from 1990
forward through the current date (or
starting date of the index or ETF if
later) is contained in the datafile.
Click Here
for an example of these values used
to calculate two indicators, the McClellan
Oscillator & Summation Index.
Use:
This compiled
statistic is used in calculating the
index or ETF Advance/Decline line (AD
Line), McClellan Oscillator & Summation
Index, TRIN, Arms Index, Open Arms Index,
etc.
The total
number of new one year highs or new
one year lows in component issues is
calculated for the index or ETF for
the given data period. Historical
data from 1990 forward through the current
date (or starting date of the index
or ETF if later) is contained in the
datafile.
Total components
with new 1st day one year highs or lows
is calculated for the index or ETF by
counting the total number of components
setting new price highs or lows for
the first time with no immediately previous
new price high or low.
Use:
There is
a definite tendency that one new high
will be followed by subsequent new highs.
New highs often mark the beginning or
end of a trend. Both also apply
for new lows.
The total
number of new one quarter highs or new
one quarter lows in component issues
is calculated for the index or ETF for
the given data period. Historical
data from 1990 forward through the current
date (or starting date of the index
or ETF if later) is contained in the
datafile. Used exactly like new
one year highs and lows above.
Total components
with new 1st day one quarter highs or
lows is calculated for the index or
ETF by counting the total number of
components setting new price highs or
lows for the first time with no immediately
previous new price high or low
Use:
There is
a definite tendency that one new high
will be followed by subsequent new highs.
New highs often mark the beginning or
end of a trend. Both also apply
for new lows.
Component Closes Above/Equal/Below
Specified Period Moving Averages
Description:
A count
of component issues above a specified
moving average expressed as a percentage
or provided as an actual count of components
above, below or equal to that moving
average. Historical data from
1990 forward through the current date
(or starting date of the index or ETF
if later) is contained in the datafile.
Use:
The percentage
of component issues above their 200
day moving average is considered a reliable
indicator of long term movement in the
securities market. When above
70% and subsequently declining below
70% it is considered to mean that the
long term direction of the market has
turned bearish. Vice-versa, when
below 30% and subsequently rising above
30% a bullish indication is given.
Click Here
for an example of this indicator.
The same
chart (lower inside window) displays
the percentage of components above their
4 day (green line), 9 day (black line),
18 day (pink line) and 30 day (blue
line) moving averages. The shorter
term moving averages provide remarkable
insight into the shorter term internal
strength or weakness of the index or
ETF. Developing and deteriorating
trends may be detected very early.
Disclaimer: This material is for your private information.
We are not soliciting any action based upon it. Opinions
expressed are present opinions only. The material is
based upon information considered reliable, but we do
not represent that is accurate or complete, and it should
not be relied upon as such. We, or persons involved
in the preparation or issuance of this material may,
from time to time, have long or short positions in,
and buy or sell the securities or options of companies
mentioned herein.