The advance-decline line (ADL) is a technical indicator that plots the difference between the number of advancing stocks to declining stocks on a daily.Advance-DeclineLineAtechnicalindicatorthatplotsthedifferencebetweenthenumberofadvancingstockstodecliningstocksonadailybasisHome›Resources›Knowledge›Trading&Investing›Advance-DeclineLineWhatistheAdvance-DeclineLine?Theadvance-declineline(ADL)isatechnicalindicatorthatplotsthedifferencebetweenthenumberofadvancingstockstodecliningstocksonadailybasis.  UnderstandingtheAdvance-DeclineLineTheadvance-declinelineisusedtoshowstockparticipationinamarketriskorfall.Duetothenumberofcapitalization-weightedindicesCapitalization-WeightedIndexTheCapitalization-WeightedIndex(cap-weightedindex,CWI)isatypeofstockmarketindexinwhicheachcomponentoftheindexisweightedrelativetoitstotalmarketcapitalization.Inacapitalization-weightedindex,companieswithlargermarketcapitalizationexertagreaterimpactontheindexvalue.(suchastheS&P500,theDJIADowJonesIndustrialAverage(DJIA)TheDowJonesIndustrialAverage(DJIA),alsoreferredtoas"DowJones”or"theDow",isoneofthemostwidely-recognizedstockmarketindices.,andtheNASDAQComposite),stockswithahighermarketcapitalizationwouldexertadisproportionateeffectontheperformanceofanindex.Assuch,theADLprovidesanindicationtoinvestorsregardingtheparticipationofallstocksinanindexinthedirectionofthemarket.Forexample,ifacapitalization-weightedstockindexrose3%,itwouldbeimportantforinvestorstoknowwhether(1)theriseintheindexwasduetoamajorityofstocksincreasing,or(2)iftheriseintheindexwasdrivenbythestrongperformanceofacompanywithalargeweightontheindex.TheADLcanbeusedtoprovidesuchinformation. FormulafortheAdvance-DeclineLine  Where:AdvancingStocksreferstothenumberofstocksthatincreasedinvalueonadailybasis;DecliningStocksreferstothenumberofstocksthatdecreasedinvalueonadailybasis;andPreviousNetAdvancesreferstothenetamountofadvancinganddecliningstocksonadailybasis. Tofullyunderstandhowtheadvance-declinelineiscalculated,anexampleisillustratedbelo

The advance/decline line (A/D) is a technical indicator that plots the difference between the number of advancing and declining stocks on a daily basis.LinkedInwithBackgroundTechnicalAnalysisGuidetoTechnicalAnalysisTechnicalAnalysisBasicEducationAdvancedTechnicalAnalysisConceptsTechnicalAnalysisTechnicalAnalysisBasicEducationWhatIstheAdvance/DeclineLine(A/D)?Theadvance/declineline(A/D)isatechnicalindicatorthatplotsthedifferencebetweenthenumberofadvancinganddecliningstocksonadailybasis.Theindicatoriscumulative,withapositivenumberbeingaddedtothepriornumber,orifthenumberisnegativeitissubtractedfromthepriornumber.TheA/Dlineisusedtoshowmarketsentiment,asittellstraderswhethertherearemorestocksrisingorfalling.Itisusedtoconfirmpricetrendsinmajorindexes,andcanalsowarnofreversalswhendivergenceoccurs.TradingView.KeyTakeawaysTheadvance/declineline(A/D)isabreadthindicatorusedtoshowhowmanystocksareparticipatinginastockmarketrallyordecline.Whenmajorindexesarerallying,arisingA/Dlineconfirmstheuptrendshowingstrongparticipation.IfmajorindexesarerallyingandtheA/Dlineisfalling,itshowsthatfewerstocksareparticipatingintherallywhichmeanstheindexcouldbenearingtheendofitsrally.Whenmajorindexesaredeclining,afallingadvance/declinelineconfirmsthedowntrend.IfmajorindexesaredecliningandtheA/Dlineisrising,fewerstocksaredecliningovertime,whichmeanstheindexmaybeneartheendofitsdecline.TheFormulaForAdvance/DeclineLine(A/D)Is:A/D=Net Advances+{PA, if PA value exists0, if no PA valuewhere:Net Advances=Difference between number of dailyascending and declining stocksPA=Previous AdvancesPrevious Advances=Prior indicator reading\begin{aligned}&\text{A/D}=\text{NetAdvances}+\begin{cases}\text{PA,ifPAvalueexists}\\\text{0,ifnoPAvalue}\\\end{cases}\\&\textbf{where:}\\&\text{NetAdvances}=\text{Differencebetweennumberofdaily}\\&\text{ascendinganddecliningstocks}\\&\text{PA}=\text{PreviousAdvances}\\&\text{PreviousAdvances}=\text{Priorindicatorreading}\\\end{aligned}​A/D=Net Advances+{PA, if PA value exists0, i

ADL ( Advance Decline Line ) 漲跌趨勢線指標 · 這個指標是利用大盤各日的上漲家數及下跌家數計算出來的，所以一定與大盤有關。

· 今日 · ADL · 由於只計算出單日的 ...首頁◆新聞◆台股◆美股◆新VIP◆選股◆基金◆ETF◆自主理財◆iQuote◆固定收益◆知識庫◆焦點專題◆財經台◆櫃檯◆XQ◆更多金融理財多空人民幣報稅未上市權證港股討論區2021/6/18加入會員|+粉絲團| 設為首頁|手機版首頁新聞研究報告討論區部落格財經百科書籤全部研究報告新聞財經百科書籤MoneyDJ理財網財經知識庫財經百科首頁熱門詞條百科內文收藏|主題|編輯ADL(AdvanceDeclineLine)漲跌趨勢線指標回應(0)人氣(39500)收藏(1)william前輩訊息名片這個指標是利用大盤各日的上漲家數及下跌家數計算出來的，所以一定與大盤有關。

當然如果您打算用某些特定類股的漲跌家數來計算這些指標的話，也是可以的，但是恐怕得自己去計算了，因為一般漲跌家數的數據，都是只統計到大盤指數，最細的也只統計到各分類股(如電子類股、金融類股等等)而已。

    漲跌家數的意義很清楚，它用來比較整個大盤「勢」的強弱，上漲家數多於下跌家數，漲勢會較強，反之，則跌勢會較強。

它的公式如下： 今日ADL=前一日ADL＋(今日上漲家數　－　今日下跌家數) ADL的公式，是將各日的漲跌家數的差額(即OBOS指標)累加而成，我們可以用ADL這條線來觀察大盤長期的買賣力道強弱。

ADL向上表示上漲家數持續多於下跌家數，買盤力道集中，漲勢強勁；反之，則賣盤力道集中，跌勢強勁。

 由於只計算出單日的數字，為了看出其變化的趨勢，我們對其取15天(或其他天期)的平均值，為加速均線的平滑，故採用KD式的指數平滑方式來計算其平滑平均值。

 圖1為台股大盤指數，圖中跟K線畫在一起的綠色線條是ADL指標，從圖中可知，除了少數的時段外，這條線幾乎是從頭跌到底的，這個訊號告訴我們，台股是很難操作的巿場，即使是在指數上漲的時候，都可能是上漲家數少於下跌家數。

這個現象也告訴我們一個重要的事實：投資台股要買權值較大的股票，小型股的風險比較高。

下跌家數較多的情況下，台股指數還能上漲，表示漲的多是權值大的股票。

雖然有很多人認為小型股比較容易炒作，因為股本小，所以不必主力不必花太多銀彈就可以拉抬。

但是卻忽視了其潛在下跌的風險。

 與本指標有關的指標，請參閱ADR指標與OBOS指標。

 分類主題：技術分析‧大盤指標‧ADL相關百科搜尋條目：編者： MoneyDJ理財網財經知識庫基金頻道iQuoteETF頻道美股頻道報稅頻道資訊新聞台股美股港股基金興櫃固定收益報稅金融專題報導　個人理財ETF部落格iQuote熱門產業討論區　　多空訊號　財經台　學習技術學院經濟學院選股學院會員中心加入會員查詢密碼個人存摺購物理財商品手機版+粉絲團分類研究報告新聞|討論區部落格財經百科書籤好文分享講堂股票市場市場動態個股情報產業分析國家動態熱門產業總體經濟財經基金新聞　研究報告國際金融　交叉匯率　投資聚光燈　資訊國內基金　海外基金　搜尋國內|海外進階搜尋區域搜尋商品搜尋　排名公會排名週轉率排名FundDJ排名基金評等基金龍虎榜　四四三三趨勢軌跡工具投資建議投資藏寶圖基金速配景氣循環圖計算器　走勢分析多空瞭望銀行匯率市場動態基金總覽基金新聞市場觀點討論區ETF介紹ETF發行公司ETF基本資料ETF資金流向ETF投資策略ETF相關分析ETF搜尋區域|類型進階|指數ETF排名漲幅|跌幅規模|成交量點閱人氣排行ETF工具ETF大車拼ETF成本評比ETF主題投資個股資料基本資料行情報價基本分析排行漲幅排行跌幅排行超買排行超賣排行成交量排行點擊排行查詢次數排行工具ADR套利選股工具行事曆各類股績效表現新手上路報稅新訊報稅流程　報稅方式DIY報稅　繳稅、報稅聰明節稅投資報稅基金|不動產外匯|黃金　證所稅海外所得　分離課稅　投資型保單報稅論壇關於MoneyDJ|網站地圖|刊登廣告|新手上路|常見問題|會員中心|聯絡我們|徵才|BackToTop版權所有嘉實資訊股份有限公司，未經合法授權請勿翻載。

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The advance–decline line is a plot of the cumulative sum of the daily difference between the number of issues advancing, i.e., above the previous day's closing ...Advance–declinelineFromWikipedia,thefreeencyclopediaJumptonavigationJumptosearchTheadvance–declinelineisastockmarkettechnicalindicatorusedbyinvestorstomeasurethenumberofindividualstocksparticipatinginamarketriseorfall.AspricechangesoflargestockscanhaveadisproportionateeffectoncapitalizationweightedstockmarketindicessuchastheS&P500,theNYSECompositeIndex,andtheNASDAQCompositeindex,itcanbeusefultoknowhowbroadlythismovementextendsintothelargeruniverseofsmallerstocks.Sincemarketindexesrepresentagroupofstocks,theydonotpresentthewholepictureofthetradingdayandtheperformanceofthemarketduringthisday.Thoughthemarketindicesgiveanideaaboutwhathashappenedduringthetradingday,advance/declinenumbersgiveanideaabouttheindividualperformanceofparticularstocks.Theadvance–declinelineisaplotofthecumulativesumofthedailydifferencebetweenthenumberofissuesadvancing,i.e.,abovethepreviousday'sclosingprice,andthenumberofissuesdeclininginaparticularstockmarketindex.Thusitmovesupwhentheindexcontainsmoreadvancingthandecliningissues,andmovesdownwhentherearemoredecliningthanadvancingissues.TheformulaforADLis:[1]ADline=today′s advancing stocks−today′s declining stocks+yesterday′s AD line value{\displaystyleADline=today's\advancing\stocks-today's\declining\stocks+yesterday's\AD\line\value}TheAdvance/DeclineLineformulacouldbeappliedtovolumeoftheadvancinganddecliningstocks.AD volume line=Advanced Volume−Declined Volume+yesterday′s AD volume line{\displaystyleAD\volume\line=Advanced\Volume-Declined\Volume+yesterday's\AD\volume\line}[2]TheADLisoneoftheoldestindicatorsbasedontheAdvance-DeclineDataanditwasthemostpopularofallinternalindicators.[1]Contents1Divergence2Advance–declinenumbersapplication3Exampleofmarketbreadthchart4ReferencesDivergence[edit]"Divergence"iswhenthestockmarketindexmovesinonedirectionwhiletheADLonthatindexmovesintheoppositedir

Advance Decline Line (ADL or AD Line) 升降線或騰落指標是以股票每天上漲或下跌的數量，通過簡單算術加減來比較每日上漲股票和下跌股票家數的累積情況，​並 ...跳轉到主頁技術分析指標TechnicalAnalysisIndicators主頁ABI-AbsoluteBreathIndex絕對廣量指標AD-AccumulationDistributionLine累積/派發線ADRatio-AdvanceDeclineRatio漲跌比率ADLine-AdvanceDeclineLine騰落指標ADLine-AdvanceDeclineLine騰落指標本頁目錄計算方法應用例子ADX-DirectionalMovementIndex動向指數ATR-AverageTrueRange真實波幅BTI-BreadthThrustIndex廣量衝力指標CCI-CommodityChannelIndex順勢指標Chaikin-ChaikinOscillator蔡金擺動指標DPO-DetrendedPriceOscillator區間震蕩線EOM-EaseOfMovement簡易波動指標MACD-MovingAverageConvergenceDivergenceBWMFI-MarketFacilitationIndex市場便利指標MassIndexMFI-MoneyFlowIndex金錢流指標Momentum動量指標NVI-NegativeVolumeIndex負量指標OBV-OnBalanceVolume能量潮指標OSCP-PriceOscillator價格擺動指標OSCV-VolumeOscillator成交量擺動指標PVI-PositiveVolumeIndex正量指標PVT-PriceVolumeTrend價格成交量走勢RMI-RelativeMomentumIndex相對動量指標ROC-RateOfChange(%)變動率指標RSI-RelativeStrengthIndex相對強弱指數RWI-RandomWalkIndex隨機漫步指標SAR-ParabolicStopAndReverse拋物轉向點STIX指數平滑廣量指標StochasticOscillator隨機震盪指標TRIN-TradersIndex交易者指數TRIX-TripleExponential三重平滑移動平均指標TVI-TradeVolumeIndex交易量指數Ultimate-UltimateOscillator終極指標Volatility(Chaikin)蔡金波動性指標Volatility(Wilder)William's%R威廉%R指標ZIG-ZigzagIndicator峰谷指標趨勢逆轉形態-頭肩頂/頭肩底趨勢逆轉形態-雙頂/雙底本頁目錄計算方法應用例子ADLine-AdvanceDeclineLine騰落指標¶AdvanceDeclineLine(ADLorADLine)升降線或騰落指標是以股票每天上漲或下跌的數量，通過簡單算術加減來比較每日上漲股票和下跌股票家數的累積情況，並與綜合指數(如恆生指數)相互對比，從而預測大市的未來走勢。

計算方法¶累積/派發線的公式如下:ADL=每日股票上漲家數-每日股票下跌家數+前日ADL應用例子¶AdvanceDeclineLine(ADLorADLine)升降線或騰落指標跟其他大勢指標如ADR或ABI一樣，ADL僅反映股票群體的走勢，並無明確之買賣點，不能單獨使用，宜配合其他指標和大市指數一起應用。

由於騰落指數與股價指數的關係比較密切，使用時應將兩者聯繫起來共同對照。

一般情況下，股價指數上，騰落指數亦上升，或兩者皆跌，則可以對趨勢或跌勢進行確認。

如若股價指數大動而騰落指數橫行，或兩者反方面波動，屬於不同步之現象，即說明大盤趨勢不明，不可貿然進場。

股價指數持續上漲，騰落指數亦上升，股價可能仍將繼續上升。

股價指數持續下跌，騰落指數亦下降，股價可能仍將繼續下跌。

股價指數上漲，而騰落指數下降，股價可能回跌。

股價指數下跌，而騰落指數上升，股價可能回升。

The Advance/Decline Line (AD Line) is a breadth indicator which is calculated by taking the difference between the number of advancing and declining issues ...LogIn|SignUp TraderToolsStockScreenerStrategyBacktestStockQuoteStockChartPortfolioTrackerTradeAlertPriceAlertStockCorrelationWatchListsCurrencyScreenerCurrencyBacktestCurrencyCorrelation ActiveTradingMovingAveragesOscillatorsTrendIndicatorsLineStudiesChartPatternsChannelsVolatilityRelativeStrengthFinancialStrengthIchimokuPriceActionVolumeBasicFundamentalOperatingMetricsFinancialRatiosToIndustryRatiosDividendIntheSpotlightMarketBreadthCryptocurrency InvestingValueInvestingGrowthInvestingIncomeInvestingDogsoftheDowGrowthLeaders HelpHelpTopicsFAQWhat'sNewEducationArticlesContactUs Advance/DeclineLineMcClellanOscillatorMcClellanSummationIndexAdvance/DeclineVolumeLineMcClellanVolumeOscillatorMcClellanVolumeSummationIndexAdvance/DeclineRatioNewHighs-NewLows TheAdvance/DeclineLine(ADLine)isabreadthindicatorwhichiscalculatedbytakingthedifferencebetweenthenumberofadvancinganddecliningissuesandaddingtheresulttothepreviousvalue.Itriseswhenadvancesexceeddeclinesandfallswhendeclinesexceedadvances.It'simportanttocompareAdvance/DeclineLineplottedfortheindexwiththeperformanceoftheactualindex.TheADLineshouldconfirmanadvanceoradeclinewithsimilarmovements.Disclaimer-PrivacyPolicy-CookieUsePolicy-FAQ-ContactUsCopyright©2008-2021MarketInOut.com.Allrightsreserved.