Technical Indicators: Percent Above Moving Average (PAMA)

Last update - 29 August 2019 By Rivkin

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.

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