Online Trading Concepts


Market Thrust

Market Thrust

  1. Market Thrust Defined
  2. Market Thrust Divergences

The Market Thrust indicator is a powerful measure of the stock market's internal strength or weakness. There are four components to this indicator:

  1. Advancing Issues on the New York Stock Exchange (NYSE) - $ADV or $NYADV
  2. Advancing Volume on the NYSE - $UVOL or $NYUPV
  3. Declining Issues on the NYSE - $DECL or $NYDEC
  4. Declining Volume on the NYSE - $DVOL or $NYDNV

The formula for Market Thrust is given below:

A chart of the mini-Dow futures contract is shown below:

market thrust indicator confirming price movement

When used for day-trading, the trend of the Market Thrust indicator is what is most important.

As will be shown on the next page, the Market Thrust indicator can be used as a divergence indicator

Next Page - Market Thrust Divergences

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