What is the name of this technical indicator?
(Number of advancing issues + 1/2 volume of issues unchanged) / total number of issues traded
Click on the arrows to vote for the correct answer
A. B. C. D. E.C
The technical indicator profiled in this example is the diffusion index, which is a measure of market breadth. While "Advance/Decline Line" is an esthetically appealing choice, it is nonetheless incorrect. The Advance/Decline Line is found by subtracting the volume of declining issues by the volume of advancing issues, with no regard to the volume of issues unchanged.