I also made a post on this MAAD indicator (message # 139476) but so far NO RESPONSE. Hope you have better luck.
Dick H. --- In [email protected], "droskill" <drosk...@...> wrote: > > Hello all - > > In the recent issue of Futures, there was an article about MAAD - most active > advance/decline line that I found interesting. What I can't figure out, > however, is how to calculate it in AB. > > It is defined as such in the article: > > "Thankfully, there is a way to track the smart money in the equity markets. > After each trading session and at the end of each week, financial print > journals and a variety of online sources publish the results for the most > active issues traded by volume on the New York Stock Exchange (NYSE), Nasdaq > and American Stock Exchange (Amex). You just need to know what to do with > that information." > > "On a given trading day, the 20 most actively traded issues on the NYSE can > constitute 30% to 50% of composite exchange volume. It follows that we should > follow the volume leaders when creating a gauge of the internal strength or > weakness of the market." > > So I'm trying to figure out a way you could do this. The challenge is > obviously that the most active changes on a daily or weekly basis - so how > could one possibly use AddToComposite to do this. Any thoughts on this? > > Thanks! >
