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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (27557)	7/13/1999 3:09:00 PM
From: peter n matzke	Read Replies (2) of 44573

I think WOW's version may be inverted since normally .8 is bullish and 1.2 would be bearish ((open/high)/(close/volume)) Designed by Richard Arms this index is designed to follow the changes in the number of declining and advancing stocks relative to the volume of shares traded in these particular stocks. Numbers above 1.2 are said to indicate a favorable market and numbers below .8 are said to indicate an unfavorable market. Breadth Charts are designed to use advance/decline market data from Dial/Data. The open and high columns contain the number of advancing and declining issues (in hundreds) respectively. The low column contains the number of unchanged issues. The close and volume columns contains the volume of the advancing and declining issues (in hundreds) respectively. The formulas may be adjusted to use data from other data services.

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