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Advance decline line

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Toronto ON/Canada
Posts: 8 since Mar 2017
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Advance decline line

Hi guys and gals, I have a question regarding market internals that perhaps someone can help with: with respect to the AD indicator (NYSE advancing issues minus declining issues) we mean advancing relative to what exactly ? I have searched but the answer seems elusive. Do we define advancing as up at the moment, or at the open, or the previous close? Also for the VOLD indicator (advancing volume less declining volume) I have the same question: what does advancing mean? thanks in advance for any help, nice to know what these things tell me if I choose to look at them!

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