# Overview

<figure><img src="https://3870127617-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FCBVnUk5c5TVytimjy972%2Fuploads%2Fgit-blob-a04bcab17d6ffb3057f21615a7407f72e9629f8d%2Fdocs-dipx-005.png?alt=media" alt=""><figcaption></figcaption></figure>

The **Dip Index (DIPX)** is a market breadth oscillator that measures the percentage of assets within a selected index trading above a specified moving average, such as the 50, 100, 150, or 200-day average.

{% content-ref url="features" %}
[features](https://docs.candelacharts.com/investing/risk-and-portfolio-management/dip-index/features)
{% endcontent-ref %}

{% content-ref url="usage" %}
[usage](https://docs.candelacharts.com/investing/risk-and-portfolio-management/dip-index/usage)
{% endcontent-ref %}

{% content-ref url="confluences" %}
[confluences](https://docs.candelacharts.com/investing/risk-and-portfolio-management/dip-index/confluences)
{% endcontent-ref %}

{% content-ref url="faqs" %}
[faqs](https://docs.candelacharts.com/investing/risk-and-portfolio-management/dip-index/faqs)
{% endcontent-ref %}

By evaluating the breadth of movement across constituents, the Dip Index provides a deeper understanding of underlying strength or weakness beyond the headline price.