Indicator - Advance-Decline Net Difference
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Calculation Advance-Decline Net Difference
The Avance-Decline Net Difference is a market breadth indicator, concerning all financial instruments in a given market.
To view this indicator, add it on to the chart of a stock. You can then compare this indicator to the market index of the stock.
Indicator = Number of stocks with increasing price - number of stocks with decreasing price.
Interpretation Advance-Decline Net Difference
This indicator shows force of market trends.
See also : Advance decline line
Parameters Advance-Decline Net Difference
To smooth out the swings, a moving average is applied to the calculation above, the default parameter is a simple moving average on 10 bars.\nYou can also adjust the type of moving average used.
