Arms Index Indicator

Traderji

Super Moderator
#2
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)
 

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