Absolute Breadth (Indicator)
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Input Information
| Name | Expression | Default | Description |
| AdvIssues | Numeric | Close of Data1 | Price data considered as Advancing Issues. |
| DecIssues | Numeric | Close of Data2 | Price data considered as Declining Issues. |
Market Synopsis
The Absolute Breadth indicator calculates the difference between advancing issues and declining issues and plots this value for each bar on the chart. The difference between advancing issues and declining issues is known as market breadth. For example, if a stock market index is rallying but there are more issues declining than advancing, then the rally is narrow and much of the stock market is not participating. To plot the Absolute Breadth accurately, the chart must contain both the Advancing Issues and the Declining Issues and the inputs must specify the correct data number for each.
Plot Information
| Plot Number | Plot Name | Default Color | Description |
| Plot1 | AbsBreadth | Red | Plots the Absolute Breadth value. |
| Plot2 | ZeroLine | Dark Green | Plots a zero reference line. |
When applied to a chart, this indicator displays one plot in a separate subgraph from the price data.