Absolute Breadth
Technical Analysis
On our charts you may see and analyse Absolute Breadth index for indexes and Exchanges including but not limited by Nasdaq 100, Nasdaq Composite index, etc.
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Technical AnalysisMV Volume IndicatorsAD MomentumAD IndicatorsPrice IndicatorsVolume IndicatorsOther Indicators | Technical Analysis, Studies, Indicators:Absolute Breadth Index (ABI)![]() Description: technical analysis, charts, stock market
sentiment, indicators, signals, formula, calculations
The Absolute Breadth Index (ABI) was developed by Norman G. Fosback and
described in his book "Stock Market Logic". The ABI is a market indicator that
is used in
technical analysis to determine
volatility levels in the market without factoring in price direction. Referred
to as a market momentum indicator, the absolute breadth index (ABI) is equal to
the absolute value of the difference between the advancing issues and the
declining issues. It shows how much activity, volatility and change is taking
place on the NYSE or any other index and corresponding market sector. ABI = | (Number of Advancing Stocks - Number of Declining Stocks) |
Because the ABI is an absolute value, it will always be positive. The chart is a
representation of the volatility in the spread between
advances and
declines. The ABI can be smoothed by using a
moving average to draw
longer-term trend lines. A fast-paced, choppy chart of the ABI can indicate a
choppy market.
Chart 1: S&P 500 - ABI (Absolute Breadth Index) V. K.
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