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NYSE 10 Day Advance/Decline Oscillator
Description | Calculation | Strategy | View Chart
Time Frame: Short
Category:
Momentum
This indicator is another view of the New York Stock Exchange market breadth numbers explained in the advance/decline and up/down volume section.
Calculation & Significant Levels
10-Day Rate of Change: The sum of the daily advances minus declines for the last ten days. It is considered overbought when it is greater than +2000 and oversold when it is less than -2000.
Formula: 10-day sum of (advancing issues - declining issues)
10-Day Up/Down Volume Oscillator: A 10-day moving average of the daily up/down volume value. It is considered overbought when it is greater than 60% and oversold when it is less than 40%.
Formula: (up volume) 10-day average of ------------------------ (up volume + down volume)Gauge Elements: Magnitude, Time, Slope
Updated: Daily
It is a warning signal when the rate of change line exceeds +2000 and subsequently falls below +2000, however, this condition is more bearish when the up/down volume indicators are also flashing a warning. It is a bullish indication when the rate of change line is in oversold territory (below -2000) and then rises above -2000. Historically, when both components become oversold and then turn up, a significant short-term low is established.
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