Portfolio Management Software
Overview The Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract. The Index uses open interest during its calculations, therefore, the security being analyzed must contain open interest. The Herrick Payoff Index was developed by John Herrick. Interpretation When the […]
Overview The Arms Index is a market indicator that shows the relationship between the number of stocks that increase or decrease in price (advancing/declining issues) and the volume associated with stocks that increase or decrease in price (advancing/declining volume). It is calculated by dividing the Advance/Decline Ratio by the Upside/Downside […]
Overview The Cumulative Volume Index (“CVI”) is a market momentum indicator that shows whether money is flowing into or out of the stock market. It is calculated by subtracting the volume of declining stocks from the volume of advancing stocks, and then adding this value to a running total. Interpretation […]
Overview The Demand Index combines price and volume in such a way that it is often a leading indicator of price change. The Demand Index was developed by James Sibbet. Interpretation Mr. Sibbet defined six “rules” for the Demand Index: A divergence between the Demand Index and prices suggests an […]
Overview The Absolute Breadth Index (“ABI”) is a market momentum indicator that was developed by Norman G. Fosback. The ABI shows how much activity, volatility, and change is taking place on any market exchange, i.e. the New York Stock Exchange while ignoring the direction prices are headed. Interpretation You can […]