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发表于 2012-3-12 09:25 PM
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Eliades New TRIN和ADRO有很多相似点
The Advance/Decline Ratio Oscillator (ADRO) is a variation on advance/decline data studies in that it is a) less concerned with daily changes advancers against decliners, b) excludes upside and downside volume, and 3) accounts for total market volume beyond the NYSE. The ADRO is mainly interested in trend, based on the daily ratio of advancers against decliners. Therefore, it doesn't really matter how heavy or light volume may be on a given day; what matters is the ratio of up stocks to down stocks, and the ratio between them. This allows for some consistency in studying the patterns.
A/D data has a strong sentiment connection, in that it allows us to quantify stocks up v.s. stocks down. The ratio is about as close as you can get to applying a Put/Call methodology to stocks. In developing the ADRO, I studied several years of A/D data, and the one persistent pattern has been the tendency for near-to-intermediate tops to follow when the indicator is above 4.00, and near-to-intermediate bottoms to follow when the indicator is at -2.00 or below. Tops and bottoms have been signaled either well ahead of the market, or at the same time.
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