By MasterDATA    

 

 

MasterDATA's Composite Plug-in for MetaStock and historical composite breadth datafiles on 34 major stock indexes and the 181 highest trade volume ETFs.
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New Indicators
 
AD Moving Average Cross 
 

Download and Install to MetaStock - Included with your subscription

 
The following MetaStock functions are included in the above download:
 
Custom Indicators:
_AD Moving Average
.Issues Advancing
.Issues Declining
.Issues Traded
.Issues Unchanged
.Trends: Up
_Trend Channel - Lower - MasterDATA
_Trend Channel - Pivot - MasterDATA
_Trend Channel - Upper - MasterDATA
_Trend Channels - MasterDATA
_% Uptrends
Template:
_AD Moving Average Cross.mwt
Expert:
 _AD Moving Average Cross
System Test:
AD Moving Average Cross Test with stops
Explorations:
_AD Moving Average Cross - Buy
_AD Moving Average Cross - Sell
 

These MetaStock functions will only work with
MasterDATA's composite breadth data

 

The name describes exactly what this indicator is.  It is a moving average of advancing issues (green) and a separate moving average of declining issues (red).  Notice they are reciprocals of one another.  For the most part, when the two lines cross (usually at slightly less than 50%), a new trend may have started.  The illustration below is a 13 day moving average of both the advancing and declining issues  In the chart's middle inner window, when the green line is at the top, this indicates an up trend.  Conversely, the red line on top indicates a downtrend.

 

 

For the MetaStock 2000 day System Test results run on 6-18-2008, click here.

 
 

     

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Disclaimer: This material is for your private information. We are not soliciting any action based upon it. Opinions expressed are present opinions only. The material is based upon information considered reliable, but we do not represent that is accurate or complete, and it should not be relied upon as such. We, or persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell the securities or options of companies mentioned herein.