Breadth Advance Decline

Designed by Martin Zweig, the Breadth Advance/Decline, is a measure of the dominance of advancing issues in the market. In theory a market that is dominated by advancing issues will have bullish tendency in the future as compared to one dominated by declining issues. Opinions amongst experts are varied as to what measure the indicator must have to indicate a bearish or bullish market. These range from above 0.55 to 0.67 to indicate a bullish market to below 0.45 to 0.37 to indicate a bearish market.

Syntax:

Public Function BreadthAdvanceDecline(ByVal HLOCV()() As Double, ByVal Lag As Long) As Double

Parameters:

  • ByVal HLOCV()() As Double
  • ByVal Lag As Long

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Example:

 

    Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

    Dim Result() As Double

    Dim HLOCV(,) As Double

    ' loading values to array

    CloseValues = GetCloseValues()

    ' calculating Technical Analysis function

    Result = TA4Net.BreadthAdvanceDecline(HLOCV, 14)

 

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