OPEN-SOURCE SCRIPT
Zweig Breadth Thrust
Zweig Breadth Thrust Detector
This indicator tracks one of the rarest and most powerful bullish signals in market history: the Zweig Breadth Thrust.
It calculates the 10-day moving average of NYSE advancing stocks divided by the sum of advancing and declining stocks. When the breadth reading surges from deeply oversold (<0.40) to explosively bullish (>0.615) within just 10 trading days, it signals a momentum reset so intense that it often marks the start of major new bull runs.
Zweig Thrusts are extremely rare — but when they occur, historical odds favor significant market gains over the next 6 to 12 months.
This tool doesn't just chase price — it measures raw internal strength across the entire market.
When the masses panic, and the army of stocks surges together — that's when legends are made.
This indicator tracks one of the rarest and most powerful bullish signals in market history: the Zweig Breadth Thrust.
It calculates the 10-day moving average of NYSE advancing stocks divided by the sum of advancing and declining stocks. When the breadth reading surges from deeply oversold (<0.40) to explosively bullish (>0.615) within just 10 trading days, it signals a momentum reset so intense that it often marks the start of major new bull runs.
Zweig Thrusts are extremely rare — but when they occur, historical odds favor significant market gains over the next 6 to 12 months.
This tool doesn't just chase price — it measures raw internal strength across the entire market.
When the masses panic, and the army of stocks surges together — that's when legends are made.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.