Technical_Analysis_page_179

Technical | Analysis page 179 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

150 Part Il_ Markets and Market Indicators The numerator is the ratio of the advances to declines, and the denominator is the ratio of the up volume to the down volume. If the absolute number of advancing shares increases on low volume, the ratio will rise. This higher level of the Arms Index would…