Lately most conservative Confirmed Calls are going up or down in short period of times. I believe that BSR component is creating wrong
Lately most conservative Confirmed Calls are going up or down in short period of times.
I believe that BSR component is creating wrong signals. It does not reflect overall market direction.
It needs modification as shown below to include Advances / Declines to come up with overall health of market.
New ratio = BSADR = SQRT of [(Buys / Sells) x {Advances / Declines}]. This may be more realistic overall market conditions.
You can back test Confirmed Calls for last six months or more time frames and see what happens to confirmed calls.
I hope you will review above suggestion / request.
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Rasiklal Shah
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