In Column A is the number of stocks advancing minus the number of stocks declining on the New York Stock Exchange over the last 6 days ("value"). In Column B is the percent change from day to day. In Column C is the percent change removing the negative signs. I am creating an algorithm, part of which includes measuring the relative momentum from day to day of advancing less declining stocks. Currently, I ask three questions. First, was the value of advancing stocks minus declining stocks > or < than zero TODAY. If the answer is >, I assign it a number "1", if the answer is <, I assign it a number "2." Second, I ask if the value TODAY was > than yesterday. If yes, I assign a "1" and if no I assign a "2". I then remove the negative signs from the percentages and if the percentage is greater, I assign a "1" and if not a "2."
Is this the most efficacious way to measure momentum in this situation. Due to space problems, I’m putting the table in Additional details section.
A/B/C
7/28: 2020/541.05%/541.05%
7/27: -458/-270.92%/270.92%
7/26: 325/-72.39%/72.39%
7/25: 1177/-44.09%/44.09%
7/24: 2105/299.53%/299.53%
7/21: -1055
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i can probably help you, but it is too hard to read your question, everythinig runs together.