Advancing Declining Issues is a good technical indicator that often used in forex technical analysis by most traders. This indicator can be a market momentum indicator used to demonstrate the distinction between declining issues and advancing issues.

This information is used to determine the strength of the market on a daily basis. It is usually smoothed to make it an overbought and oversold indictor. Strong up days show readings of more than +1,000 and weak days have readings of less than -1,000.

Related Articles

From ForexRealm
This indicator is rather useful for defining daily market strength. Strong “upward days” sometimes have readings over +1,000. Weak “downward days” sometimes have readings below -1,000. (full article)

From TradingSolutions
The Advancing-Declining Issues function determines the momentum of the market by calculating the difference between the advancing and declining issues. (full article)

From TradersLog
A market momentum indicator that subtracts the declining issues from the advancing issues on the New York Stock Exchange. (full article)