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How to Use the Advance / Decline Ratio to Determine Market Direction
By John Netto of One Shot - One Kill Trading
Posted: May 2, 2008
When attempting to gauge what direction the market is moving throughout the day or week, I use a few key indicators to measure short-term and longer-term market strength. Along with the Dow Jones Tic ($TICK), the Arms Index ($TRIN) and current price action, I love to chart the ratio between advancing versus declining issues on the NYSE. Using eSignal software, the symbol for that is $ADD...(MORE)
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When attempting to gauge what direction the market is moving throughout the day or week, I use a few key indicators to measure short-term and longer-term market strength. Along with the Dow Jones Tic ($TICK), the Arms Index ($TRIN) and current price action, I love to chart the ratio between advancing versus declining issues on the NYSE. Using eSignal software, the symbol for that is $ADD...(
