AD Volume line for CNX 500 stocks

A rally is said to have legs if the move is accompanied by strong volumes. One such indicator to measure the breadth of a market is the AD Volume Line. You can read more about the indicator here: http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:ad_volume_line

Below is a chart of the same calculated on stocks forming part of CNX 500 from the day market made a major bottom 28/08/2013 till date (19/11/2013). 

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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