AbsoluteBreadth (Function)

The AbsoluteBreadth function calculates the absolute difference between advancing versus declining data set.

Syntax

AbsoluteBreadth(AdvIssues,DecIssues)

Returns (Integer)

A positive number that represents the difference between two values for the current bar.

Parameters

Name	Type	Description
AdvIssues	Numeric	Specifies a the advancing issues price data series. Normally the Close of Data1 referencing the close of an advancing issues symbol.
DecIssues	Numeric	Specifies a the declining issues price data series. Normally the Close of Data2 referencing the close of a declining symbol.

Remarks

Traditionally, this calculation has been used with NYSE advancing issues and declining issues data to provide a gauge of market activity and volatility without regard to price direction, but both the NASDAQ and AMEX stock exchanges also provide this information.

You will need to create a multidata chart with both advancing issues and declining issues in the chart to use this function.

The AdvIssues input parameter will need to reference the close of the advancing issues symbol, and DecIssues will need to reference the close of the declining issues symbol.

Advancing issues and Declining issues symbols for the three major stock exchanges can be found using the symbol lookup feature. For more information, see Using the Symbol Lookup Feature.

The TradeStation Data Network symbols for NYSE advancing and declining issues are $ADV and $DECL.

Example

Assigns the AbsoluteBreadth value to Value1, where the advancing issue symbol is in Data1 and the declining issue symbol is in Data2, on a daily chart; then plots Value1:

Value1 = AbsoluteBreadth(Close of Data1, Close of Data2);

Plot1(Value1, "AbsBrdth");