The percent above moving average (PAMA) is a breadth indicator which measures the strength of an underlying index similar to the Advance-Decline line. This indicator can be used to determine whether an index is short-term over or under bought, bullish or bearish cross below the 50% level as well as divergences to identify potential reversals.
Technical Indicators: Percent Above Moving Average (PAMA)
Last update - 29 August 2019
By Rivkin