Abbreviation: Advance/Decline+Decline Ratio: Avg
Category: Market Advance / Decline
Input Parameters:
| Name | Range | Default |
| Advancing Issues | ||
| Declining Issues | ||
| Avg Periods | Int >= 1 | 5 |
Calculation:
Avg(X, Avg Periods)
where
X = Advance/Advance+Decline Ratio(Advancing Issues, Declining Issues)
Advance/Advance+Decline Ratio represents Advance/Advance+Decline Ratio
Avg represents Simple Moving Average
Discussion:
This indicator attempts to smooth the Advance/Advance+Decline Ratio indicator by calculating its moving average. Since it uses a simple moving average (which gives equal importance to all the periods within the moving average’s time frame), this method of smoothing may cause more of a lag time than the exponential variant.