What are Broker Index, Foreign Net Buy, and 'saham gorengan' for Indonesian Stocks on Pluang?
Broker Index is the share of Indonesian stock net trading volume captured by the top 3 brokers, expressed as a percentage. Foreign Net Buy is the difference between foreign investors' buy and sell volume on a given day. "Saham gorengan" is an Indonesian term for stocks whose prices are driven by coordinated trading rather than fundamentals. All three are IDSS-specific concepts relevant to Pluang's Broker & Foreign Screeners.
Broker Index:
- Formula: (Top 3 brokers' net volume ÷ Total net volume) × 100
- ≥ 20% indicates concentrated trading activity
- Used by the Big Broker Accumulation, Broker Bullish and Broker Bearish screeners
Foreign Net Buy:
- Formula: Foreign buy volume − Foreign sell volume (shares or lots)
- Used by the Foreign Uptrend and Positive Foreign Buy screeners
Saham gorengan:
- Indonesian term for stocks driven by coordinated trading rather than fundamentals
- Often small-cap stocks with 2–10× volume spikes
- A Volume Breakout can mark a genuine catalyst OR a "saham gorengan" — investigate the cause
Reminder: All three signals describe historical flows, not predictions of price movement.
Related questions:
Q: Is "Broker" the same as "smart money"?
Conceptually similar, but not identical. "Smart money" usually implies institutional investors. "Broker" refers specifically to the dominant trading houses on the IDX.
Q: Should I avoid all "saham gorengan"?
That's a personal decision. Many investors avoid them because of volatility risk. The Volume Breakout screener provides visibility, not advice.