NWSET100 A50RPercent Above 50-day EMA
The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index. Breadth is strong when the majority are trading above a specific moving average. Conversely, breadth is weak when the minority are trading above a specific moving average. The 50-day moving average is used for the short-medium term timeframe. The percent of DA above their 50-days EMA is best suited for overbought and oversold levels. Because of its volatility, this indicator will move to overbought and oversold levels more often than the indicators based on longer moving averages. In general, readings above 70% are deemed overbought and readings below 30% are deemed oversold.