Advance Decline PO
Once again, MarketVolume® is one step ahead of the competition. Right now, our development team put the finishing touches on our new Indexes charts. MarketVolume® is the only source of real-time intraday index volume and advance / decline charts for major US indexes and exchanges. Now, we are raising the bar even further. From now on you may monitor A/D PO (Advance Decline Percentage Oscillator), and we are the only source of AD PO for U.S. indexes and Exchanges.
About Advance Decline Percentage Oscillator (OBV)
To avoid a situation when the A/D Ratio would run towards infinity our team has developed and implemented a new technical indicator Advance/Decline Percentage Oscillator (A/D PO) in September 2008. We are the first who introduced this indicator to the world and at the current moment we are the only company that provides this indicator and we consider ourselves this indicator developers.
The A/D PO has the same meaning and analyzes the ratio between the advances and declines. The difference between A/D PO chart and A/D Ratio chart (with similar chart setting) is barely noticeable. Yet, it allows to analyze the A/D Ratio results in the percentage scale from -100% to +100%.
Below you may see formulas used in A/D Percentage Oscillators.
Advance/Decline Issues Percentage Oscillator:
| A/D Issues PO = | Advance Issues - Decline Issues Advance Issues + Decline Issues | x 100 |
| A/D Volume PO = | Advance Volume - Decline Volume Advance Volume + Decline Volume | x 100 |
| A/D Mom Volume PO = | Advance Mom Volume - Declined Mom Volume Advance Mom Volume + Declined Mom Volume | x 100 |
| H/L PO = | New Highs - New Lows New Highs + New Lows | x 100 |
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2 comments:
I got to your website after reading about an Advance - Decline ratio in Robert Prechter's bestseller "Conquer the Crash" dated from 2002. After Googling for this ratio, I ran into your website. Prechter uses the same definition as MV, but applies it to prices, not, as far as I know to volumes.
We call Advance Decline Issues indicators those indicators where Advance decline principles are applied to price. Those indicators where the same principles applied to volume are called Advance Decline Volume indicators. TRIN (one of the most popular breadth indicators) uses advance decline volume and advance decline issues. We cover whole range of all possible breadth indicators based on price (issues) and volume.
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