# Dip Index The **Dip Index (DIPX)** is a market breadth oscillator that measures the percentage of assets within a selected index or asset class trading above a specified moving average—such as the 50, 100, 150, or 200-period moving average. While commonly applied to equities, the indicator is adaptable to various financial instruments, including exchange-traded funds (ETFs), commodities, cryptocurrencies, and even fixed-income securities. * Assess the overall health of a market by measuring internal participation in price moves. * Detect overbought or oversold conditions when momentum becomes concentrated or overly extended. * Generate actionable signals when the index exits extreme levels, suggesting renewed momentum or potential exhaustion. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.candelacharts.com/investing/risk-and-portfolio-management/dip-index.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.