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Advance decline line
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Advance decline line

 
Toronto ON/Canada
 
 
Posts: 8 since Mar 2017
Thanks: 0 given, 0 received

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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Ft Lauderdale + FL/USA
 
Trading Experience: Intermediate
Platform: TOS, OptionHouse, WindoTr
Broker/Data: OptionHouse, BarCharts
Favorite Futures: ES, ZB, CL, NQ, HG
 
Posts: 5 since Mar 2017
Thanks: 1 given, 2 received

Internals



Jamie818 View Post
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!

Jamie,

The A/D is the advance decline line for the NYSE or Nasdaq. This is a figure composed of a net sum of the number of advancing stocks minus the number of declining stocks at any given moment in each of the two respective markets.

Since you are using TOS - I would recommend setting up the Quad as per illustrated at Shadowtrader.net.

https://www.shadowtrader.net/faq/

Good Luck
Pugpack

 
 
Toronto ON/Canada
 
 
Posts: 8 since Mar 2017
Thanks: 0 given, 0 received

Thank you Pugpack, yes I follow the quad setup in the shadowtrader chat on ToS, which is what prompted my curiousity. But wouldn't your definition just be the same as the TICK then, ie stocks trading on an up tick vs down tick? How would the two indicators differ?

 
 
Ft Lauderdale + FL/USA
 
Trading Experience: Intermediate
Platform: TOS, OptionHouse, WindoTr
Broker/Data: OptionHouse, BarCharts
Favorite Futures: ES, ZB, CL, NQ, HG
 
Posts: 5 since Mar 2017
Thanks: 1 given, 2 received


Jamie818 View Post
Thank you Pugpack, yes I follow the quad setup in the shadowtrader chat on ToS, which is what prompted my curiousity. But wouldn't your definition just be the same as the TICK then, ie stocks trading on an up tick vs down tick? How would the two indicators differ?

A stock can be down and have an up tick.

 
 
Toronto ON/Canada
 
 
Posts: 8 since Mar 2017
Thanks: 0 given, 0 received

Ah yes of course. This gets back to my original point of what is advancing and declining. So an advancing issue is one up relative to the previous close. I was not asking the right question which would have been what does an advancing and declining stock mean? And the VOLD shows volume trading in those two respective groups. thanks again Pugpack

 
 
Ft Lauderdale + FL/USA
 
Trading Experience: Intermediate
Platform: TOS, OptionHouse, WindoTr
Broker/Data: OptionHouse, BarCharts
Favorite Futures: ES, ZB, CL, NQ, HG
 
Posts: 5 since Mar 2017
Thanks: 1 given, 2 received


Jamie818 View Post
Ah yes of course. This gets back to my original point of what is advancing and declining. So an advancing issue is one up relative to the previous close. I was not asking the right question which would have been what does an advancing and declining stock mean? And the VOLD shows volume trading in those two respective groups. thanks again Pugpack

You are confusing a few things. You are asking about advancing and declining issues and then referencing VOLD. The first refers to issues or stocks the VOLD refers to advancing and declining volume.

Example - you have 1000 stocks in the NYSE. You are watching 5 minute chart of the Advance minus the declines. The 5 minute candle is in constant flux and at the end of the 5 minute period 600 stocks were up and and 400 stocks were down. The candle would reflect +200 at the close of the 5 minute bar. The next candle begins and is in flux at the end of the next 5 minutes 700 stocks were up and 300 were down from the close of the prior 5 minute candle. The cumulative is now at +600, and so on. So the Adv/Dec is just looking at the difference between the total number of stocks in the NYSE or NASDAQ, respectively that are UP and DOWN respectively.

Now apply the same thing to volume and then ticks.

Pugpack

 
 
KNOXVILLE TN.
 
Trading Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
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how to use market breath indicators

the reason to use them in the first place is to find out if the market is trending or not and how hard. search the web for the high 5 market breath indicator for e-single. read all the material you will find out witch ones to use and how to use them. hope it helps


 



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