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The Bull Bear Ratio is a market sentiment indicator that measures the strength of the bulls versus the bears. It measures the bulls by calculating the number of stocks whose percent rank value is higher than 70 and the bears by calculating the number of stocks whose percent rank value is lower than 30. The composite returns the daily number of bullish stocks divided by the daily number of bearish stocks (Stock whose percent rank is below 30). The percent rank gets the percentage of values within a recent period (One month or 25 bars in this composite) that are below the current price. The indicator is available here: Percentile - Percent Rank of a Trading Indicator.
Bull vs. Bear Interpretation:
Value higher than one: There are more bullish stocks than bearish stocks. This is usually considered as bullish sign for the market; however, be aware that the likelihood of a market decline increases when the market indicator is at an extreme value.
Value equal to one: The number of bullish stocks is the same as the number of bearish stocks.
Value lower than one: The market sentiment is bearish because the number of bearish stocks is greater than the number of bullish stocks.
Important:
The composite ticker name is "_BULL BEAR" and it requires the percent rank indicator (Link shown above).
