Signal library · Index & ETF
Index high on weakening breadth
The index ETF makes a 20-day high while fewer stocks are above their 50-day average than 10 days ago.
- What it is for
- A narrowing rally (fewer stocks taking part) is fragile.
- Rule
- Sell short on 1d bars when (close above dc highest 1 bars ago) and (b50 value below b50 value 10 bars ago) and (b50 value above 50). Stop: 2 × ATR(14) from the entry. Target: 1.5 × the risk (stop distance). Exit after 20 bars at the latest.
- Side
- ▼ Short (sell / exit)
- Timeframes
- 1d
- Runs on
- Each market's index ETFs, with its volatility index and breadth
Out of sample · after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 1d | information only | — | — | — | — |
| India | 1d | information only | — | — | — | — |
| United Kingdom | 1d | information only | — | — | — | — |
| Europe | 1d | information only | — | — | — | — |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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