Abbreviation: Advance-Decline Spread: 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-Decline Spread(Advancing Issues, Declining Issues)
Advance-Decline Spread represents Advance-Decline Spread
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Advance-Decline Spread 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.