Absolute Breadth Index is a volatility indicator that ignores market direction. The ABI is calculated by taking the Absolute value of the difference between declining stocks and advancing stocks. Large numbers usually indicate rising volatility.
The ABI is classified as a breadth indicator because the advancing/declining values are the values used to create it. This index can be calculated using any exchange but typically the New York Stock Exchange has been the accepted standard.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment