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Percentage of Stocks that are trading between their 50 and 200-day Moving Averages
Market indicators such as the percentage of stocks that are trading above or below a specific moving average are well known and often used to determine whether the market is bullish or bearish.
There are many other composites or market indicators that use the close price and the moving average of stocks within a group (Example: S&P 500 Stocks). One of them is the percentage of Stocks that are trading between their 50 and 200-day Moving Averages.
This market indicator calculates the percentage of stocks that have either closed above 50-SMA and below 200-SMA or closed above 200-SMA and below 50-SMA. In the first instance, the stock is short term bullish and long term bearish, while in the second instance the stock is long term bullish and short term bearish.
A decrease in this composite indicator signals an increase in market volatility while an increase in the composite is often a signal of a decrease in market volatility.
