The Breadth Thrust indicator is a ten period simple moving average of the Advance/Decline
Line Breadth. A Breadth Thrust formation is defined as when the Breadth Thrust indicator
moves from below 40% to above 61.5 percent within a ten day period. This indicates
that the market is rapidly moving from an oversold condition to a strong up trend.
A Breadth Thrust formations are rare and are a very good indicator of a bull market.
The Breadth Thrust indicator was developed by Dr. Martin Zweig.
Formula: