Arms Index Indicator

Hi all

I know how to build an indicator, but such as this indcator is very complex

read this link

http://trader.online.pl/MSZ/e-w-Arms_Index.html

can not build it

any one can help

You need to have the following information (which you can get for FREE every trading day from http://in.finance.yahoo.com/m4?u ) to build this indicator.

Number of advancing stocks

Number of declining stocks

Volume of advancing stocks

Volume of declining stocks

Once you have the above info use this formula:

(Number of advancing stocks / Number of declining stocks) / (Volume of advancing stocks / Volume of declining stocks)