Crypto Bullish Percent Index From Point-and-Figure Breakouts

Summary

This indicator builds a market breadth measure from point-and-figure style signals across a basket of cryptocurrencies. For each asset, it derives a box size from a configurable percentage of price, with an automatic scaling schedule that varies by chart timeframe, and tracks rising or falling columns. A bullish signal is associated with a double-top breakout; a bearish breakout resets that asset’s state. The bullish percent index aggregates the positive signals across the listed assets and presents the result on a 0–100 scale, alongside reference levels for overbought, oversold, and neutral conditions.

The chart also labels areas and trend states, including possible or strong trends and corrections. Reversal size and scaling can be adjusted, so choices affect how readily the constituent signals change. The supplied text is incomplete and provides no historical performance results, validation method, or trading rules for acting on the index. It is therefore best understood as a breadth and regime-monitoring indicator rather than evidence of a profitable standalone strategy; basket composition and data availability may also affect its readings.

Key ideas

• The indicator aggregates bullish point-and-figure breakout states across a basket of crypto assets.
• Each asset’s box size is based on a percentage of price, with timeframe-dependent automatic defaults.
• A double-top breakout sets a bullish state, while a bearish breakout can clear that state.
• The aggregate index is displayed on a 0–100 scale with overbought, oversold, and midpoint references.
• The provided material gives no performance study or explicit rules for trading the index.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.