Overview Andrews’ Pitchfork is a line study consisting of three parallel trend-lines based on three points you select. This tool was developed by Dr. Alan Andrews. Interpretation The interpretation of a pitchfork is based on normal trend-line support and resistance principles. Example The following chart of Xerox shows an Andrews’ […]
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Overview The Advancing-Declining Issues is a market momentum indicator which shows the difference between stocks listed on the New York Stock Exchange that advanced in price minus those that declined. As of this writing, about 2,500 issues trade each day on the NYSE. The difference between the number of advancing […]
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Overview Advancing, declining, and unchanged volume are all market momentum indicators. They reflect movement on the New York Stock exchange in millions of shares. Advancing volume is the total volume for all securities that advanced in price. Declining volume is the total volume for all securities that declined in price. […]
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Overview The Advance/Decline Ratio (“A/D Ratio”) shows the ratio of advancing issues to declining issues. It is calculated by dividing the number of advancing issues by the number of declining issues. Interpretation The A/D Ratio is similar to the Advancing-Declining Issues in that it displays market breadth. But, where the […]
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Overview The Advance/Decline Line (“A/D Line”) is undoubtedly the most widely used measure of market breadth. It is a cumulative total of the Advancing-Declining Issues indicator . When compared to the movement of a market index (e.g. Dow Jones Industrials, S&P 500, etc) the A/D Line has proven to be […]
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