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Advancing-Declining Industries

by QuantShare, 2473 days ago
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This market composite returns the number of industries that advanced minus the number of industries that declined. It stores the composite time series in the following ticker symbol: _INDUSTRY_ADVANCEDECLINE

The composite gets all industry symbols and computes the one-day return for each one. It then adds the ones that have advanced and subtracts those that have declined.

This market indicator looks like the advancing declining market breadth indicator, which can be downloaded here: Advance-Decline-Unchanged issues for NYSE, AMEX and NASDAQ, but instead of using stocks, it uses industries data.

To be used in analysis, charting or in your trading system, it is better to smooth the advancing-declining industries time series with a moving average.

Industries data should be downloaded first using the following downloader: Industry Market Data
You should also add the "IndustryIndex" function: Industry Index Name

More information about the "IndustryIndex" function, and how to associate industries data with stocks can be found here:
Industry Analysis - How to Compare Stocks with their Industries

Other market indicators based on industry data can be found here:
4 Market Composite Indicators Based on Industry Data


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Type: Composite Index

Object ID: 1222


Country:
United States

Market: Stock Market

Style:
Fundamental Analysis

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