| Equity Based Analysis > Technical Analysis > Market Breadth Indicators > Absolute Breadth Index (ABI) |
Developed by Norman G. Fosback, the Absolute Breadth Index (ABI) displays the absolute value of the difference between the number of advancing issues and the number of declining issues.
The values are always positive. Higher values indicate higher market volatility, that is a greater spread between the advances and declines.
Calculation:
ABI = | ADV – DEC |
ADV = The number of advancing issues
DEC = The number of declining issues
Inputs:
Group = XU100
Indicates the portfolio, group or index.
Indicator Type: Market Breadth