V.8:7 (281-284): The Advance/Decline Line by Mike Burk

V.8:7 (281-284): The Advance/Decline Line by Mike Burk
Item# \V08\C07\ADVDEC.PDF
$3.95
Availability: In Stock

Product Description

The Advance/Decline Line by Mike Burk

The advance/decline line, used with the volume percentage ratio and the new high/new low indicator, two indicators I've developed, helps me distinguish cycles in the Dow Jones Industrial Average (DJIA) and other indices. The advance/decline line (ADL) is simply a plot of the running total of the number of issues that advanced in price minus the number of issues that declined in price. I tried improving on this traditional formula — by calculating percentages, by factoring in the number of unchanged issues, by considering each datum separately and by calculating oscillators, both exponential and arithmetical, of all lengths — without success. Advance/decline lines can be drawn using either weekly or daily data, but in this article I will use only daily data.

Both graphic and numerical study of the ADL have merit. Graphically, I plot the ADL in the same frame with the DJIA, with both highs and lows for the period at the top and bottom of their scales, respectively. When either hits a new high or new low for the period, its scale is redrawn to accommodate the new value.




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order