NWST1100 ADVLAdvance-Decline Volume Line
The AD Volume Line measures the buying and selling pressure behind an advance or a decline. The volume behind advancing Digital Assets represents buying pressure, while the volume behind declining Digital Assets represents selling pressure. An AD Volume Line that rises and records new highs along with the underlying index shows strong buying pressure. This is bullish. An AD Volume Line that fails to keep up with the underlying index and fails to confirm new highs reflects weakness in buying pressure. Market strength is undermined when buying pressure fails to confirm an advance.
The AD Volume Line is a cumulative measure of AD Volume Percent. It works together with the AD Volume Percent. The line rises when AD Volume Percent is positive and falls when AD Volume Percent is negative.