| Equity Based Analysis > Technical Analysis > Market Breadth Indicators > Advancing-Declining Issues (ADIssues) |
The Advancing-Declining Issues(ADIssues) indicator is the simplest of the advance-decline indicators. It is simply the difference between the number of advancing issues and the number of declining issues.
The values oscillate around zero. Extreme highs indicate overbought conditions, and extreme lows indicate oversold conditions. It is often smoothed with a moving average that can also act as a signal line.
The Advancing-Declining Issues is also known as Advance-Decline Spread.
Calculation:
ADIssues = 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