Hughes Breadth Index

The Hughes Breadth Index can be described as a more sensitive version of the Breadth Advance/Decline. Values above 0.25 indicate possible future bullish trends and values below -0.22 tend to indicate future bearish trends.

Syntax:

HughesBreadthIndex
HughesBreadthIndex()
HughesBreadthIndex(“OutPutStartCell”)

Inputs:

'Open', 'High', and 'Low' columns values

Parameters:

• OutPutStartCell (default=the next blank column in the worksheet)

Examples:

HughesBreadthIndex
HughesBreadthIndex()
HughesBreadthIndex(“G2”)
HughesBreadthIndex(G2)