Improving Steady-ISSUES

Improving Steady-ISSUES
Overview
Advancing-Declining Issues is a market momentum indicator that shows the difference between stocks listed on the New York Stock Exchange that advanced in price minus those who refused. As of this writing, some 2,500 issues trade each day the NYSE.
The difference between the number of advancing and declining issues is the foundation of many market breadth indicators. These indicators include the Advance / Decline Line, Advance / Decline Ratio, Absolute width index, breadth thrust, McClellan oscillator and collection index. Indicators that use advancing and declining issues in their calculations are called market breadth indicators.
Interpretation
Advancing-Declining Issues indicator shows the difference between the number of advancing issues and the number of declining issues. Draws per se, this indicator is useful to determine daily market strength. Strong on Facebook days generally show readings of more than 1,000. Very weak days readings of less than -1000.
I prefer to plot the 5-to-40 day exponential moving average of Advancing-Declining issues themselves rather than daily values. The moving average creates an excellent short-term overbought / oversold indicator. And Over-bought/-Oversold indicator and the McClellan Oscillator are created using moving averages of advancing minus declining issues.
I drew "buy" arrows when the moving average and rose above -50 "sell" arrows when it fell under the 125th Normally, I would use 100, but strong up-trend during this period caused the indicator to have an upward tendency.
Calculation
Advancing-Declining issues are only calculated by subtracting the number of declining issues on the number of advancing issues.
The following table shows the calculation of Advancing-Declining Issues.