1% EMA of Advance-Decline Ratio - What does this mean

candidcactus

!1EMASPX SPX 1% EMA of Advance-Decline Ratio
I understand EMA's of pricing, but I have no idea of what the - 1% EMA of Advance-Decline Ratio - might actually be measuring.

gord

I don't use this indicator but here is an article with the details and examples.


http://stockcharts.com/articles/chartwatchers/2014/05/a-long-term-breadth-indicator.html?st=1emaspx+spx+1%+ema+of+advance-decline+ratio

candidcactus

Thanks, I searched for !1EMASPX and didn't find the article. How did you find it?

gord

Actually I searched for the indicator name rather than the symbol.

SPX 1% EMA of Advance-Decline Ratio