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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Bullish percent index

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beeorchid
Posted : Wednesday, September 10, 2008 4:39:46 PM
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Joined: 12/10/2004
Posts: 6

A bullish percent index (BPI) measures the percentage of stocks in a given sector trading with a bullish chart pattern.   Whenever the bullish percent index for a sector drops below 20, it's oversold and due for a bit of a bounce. If the BPI rallies above 80, it's overbought and traders should be on the lookout for a correction.

Does TC2000 have method of doing this please?
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Craig_S
Posted : Wednesday, September 10, 2008 5:00:49 PM


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Joined: 10/1/2004
Posts: 18,819
 I don't know of a way to do this in TeleChart.  It may be possible in Blocks, though.

What constitutes a "bullish chart pattern"?

Is there a different percent for each industry?
- Craig
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