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



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droskill,

I haven't tried it yet - but I think you could use the percentile function. 
See the examples on http://www.amibroker.com/guide/afl/afl_view.php?id=251

Greetings,

Thomas


On 19.06.2009, 00:55:12 droskill 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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------------------------------------

**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.

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http://www.amibroker.com/feedback/
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