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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).
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
