Advance Decline math

  • Thread starter ChocolateRangeRover
  • Start date
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ChocolateRangeRover

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Which Calculation do you think is best for

1. advancing declining volume

2. advancing declining price action


"Advance/Decline Line":
advnDecl = advances[1] + if !IsNaN(advances - declines) then advances - declines else 0;
level = 0;
"Advance/Decline Line (Breadth)":
advnDecl = advances / (advances + declines);
level = 0.5;
"Advance/Decline Line (Daily)":
advnDecl = (advances - declines) / (advances + declines);
level = 0;
"Advance/Decline Ratio":
advnDecl = advances / declines;
level = 1;
"Advance/Decline Spread (Issues)":
advnDecl = advances - declines;
level = 0;
"Absolute Breadth Index":
advnDecl = AbsValue(advances - declines);
level = 0;

I seem to gravitate to spread issues for both....
 
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rudytrevino

New member
Can you use this for s&p 500 comparative ratio line?
 

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