Advance-Decline Net Difference
Another method used by market technicians is to calculate the net difference between advances and declines. Daily or weekly data can be used. The net difference between advances and declines is calculated weekly and the result is added. To smooth out the swings, a 10-week moving average is applied. Below there is an example for weekly calculations:
|
Date |
Advances |
Declines |
Net Differ. |
Cumulative |
10-Week MA |
|
09.06.95 |
1269 |
1457 |
-188 |
-188 |
|
|
16.06.95 |
1714 |
975 |
739 |
551 |
|
|
23.06.95 |
1591 |
1148 |
443 |
1182 |
|
|
30.06.95 |
1346 |
1348 |
-2 |
441 |
|
|
07.07.95 |
2032 |
692 |
1340 |
1338 |
|
|
14.07.95 |
1507 |
1191 |
316 |
1656 |
|
|
21.07.95 |
894 |
1875 |
-981 |
-665 |
|
|
28.07.95 |
1891 |
845 |
1046 |
65 |
|
|
04.08.95 |
1404 |
1291 |
113 |
1159 |
|
|
11.08.95 |
1187 |
1489 |
-302 |
-189 |
535,0 |
|
18.08.95 |
1624 |
1043 |
581 |
279 |
581,7 |
|
25.08.95 |
1486 |
1176 |
310 |
891 |
615,7 |
|
01.09.95 |
1656 |
1011 |
645 |
955 |
593,0 |
|
08.09.95 |
1903 |
759 |
1144 |
1789 |
727,8 |
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