Dow Jones

Advance Decline Line for Dow Jones

The Advance Decline Line for Dow Jones is a market breadth indicator that shows shows if the current price movement is supported by the broad market (meaning all index components).

The Advance Decline Line for Dow Jones is calculated by taking the difference between the number of advancing and declining index components (see advanced vs. declined data) for each day and adding the result to the previous value.

The Advance Decline Line for Dow Jones should confirm the price movement of the index.

Advanced vs. Declined for
Dow Jones

Advanced vs. Declined for Dow Jones (sometimes also ADV vs. DECL) is considered as market breadth raw data which can be used for market breadth indicators.

The Advanced vs. Declined data for Dow Jones reflects the number of advancing index components vs. the number of declining index components for that trading day. It is calculated by taking the difference between the two previous mentioned numbers.

Advanced vs. Declined shows the strength of a price movement. After reaching an extreme value, the data it usually moves in the opposite direction.

McClellan Oscillator for Dow Jones

The McClellan Oscillator (“MO”) for Dow Jones is a market breadth indicator that, very similar to the Advance Decline Line, shows if the index is supported by the broad market. Some also say it reflects if money flows in or out of the market.

The McClellan Oscillator for
Dow Jones is calculated by creating the difference of a fast and a slow EMA (Exponentional Moving Average) on the Advanced vs. Declined data for each trading day. This is why the McClellan Oscillator sometimes is also called “the MACD for the Advance Decline Line”.

We will add an explanation on a separate page how to interpret this indicator.

McClellan Summation Index for Dow Jones

The McClellan Summation Index (“MSI” or “MSCI”) for Dow Jones is a market breadth indicator that shows the “health” of a market/index.

The McClellan Summation Index for Dow Jones is calculated by continuously creating the sum of all previous McClellan Oscillator values, making it something like the “long-term version” of the McClellan Oscillator.

We will add an explanation on a separate page how to interpret this indicator.

There are more market breadth indicators, and one could ask:

• Where is the Advance / Decline Volume Line for Dow Jones?
• Where is the McClellan Volume Oscillator for Dow Jones?
• Where is the McClellan Volume Summation Index for Dow Jones?
• Where is the Advance / Decline Ration for Dow Jones?
• Where is the New Highs – New Lows indicator for Dow Jones?
• Where can I see how many Dow Jones components trade above their SMA50, SMA100, SMA200 or their EMAs?

You are right to ask about those indicators, all of them play their important role in analyzing the current index health state.

However, some of those indicators require data which we don’t have (yet) and some of those indicators can already be implemented, but we did not have the time yet to include them in our repository.

Feel free to get in touch with us and provide your own ideas: What are we missing, what should be implemented?