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Bullish Percent Index (BPI)
Posted By: TradersLog
Created in 1955 by A.W. Cohen, the BPI Index was based the work of an analyst named Earnest Staby who sought a contrarian indicator that would identify market tops and bottoms. The Bullish Percent Index is a market breadth indicator that is calculated by dividing the number of stocks in a given group that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. BPI aims to indicate overbought/oversold conditions. The Bullish Percent Index is not applicable to a single stock but rather to a group of stocks from an exchange or industry.
See also: Bull Bear Ratio
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