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@xxxxxxxxxps.com,
"droskill" <droskill@xx.> 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!
>