[amibroker] Re: MAAD - Most active advance/decline line

["areehoi" <areehoi@xxxxxxxxx>]

I also made a post on this MAAD indicator (message # 139476) but so far NO RESPONSE.  Hope you have better luck.

Dick H.

--- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@xxx> 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!
>




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