Abbreviation: Advance/Decline+Decline Ratio: ExpAvg
Category: Market Advance / Decline
Input Parameters:
| Name | Range | Default |
| Advancing Issues | ||
| Declining Issues | ||
| ExpAvg Periods | Int >=1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = Advance/Advance+Decline Ratio(Advancing Issues, Declining Issues)
Advance/Advance+Decline Ratio represents Advance/Advance+Decline Ratio
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Advance/Advance+Decline Ratio indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.