How do you calculate your Bullish Percent data?
StockCharts Support January 26, 2009
A Bullish Percent Index (BPI) can be created for any group of stocks. We publish several BPIs for entire markets as well as for the common S&P Sector designations. You can see a list of the Bullish Percent Indexes that we publish on this page.
To calculate a BPI, first determine the number of stocks that have a specific P&F chart pattern called a P&F Buy Signal. Then divide that number by the total number of stocks in the group.
Because it is so popular, every day we publish the list of NYSE stocks that we use in our calculation as well as the NYSE stocks that are current on a P&F Buy Signal. You can find that information on this page.