HODL5 Market Cap Advance Decline Line [NeoButane]

The Advance-Decline Line (AD Line) is a breadth indicator based on Net Advances, which is the number of advancing stocks less the number of declining stocks. Net Advances is positive when advances exceed declines and negative when declines exceed advances. The AD Line is a cumulative measure of Net Advances. While the shape of the AD Line is important, the actual value holds no meaning.

Currently, this version of the AD Line is based on the Net Advances of the market capitalization for the 4* coins in the Amun Crypto Basket Index. Because the cryptocurrency market moves in a homogeneous nature, there are more confirming moves than divergences compared to something like an AD Line of the NYSE.

*BCH has been removed, likely because of its split fork, but has an option to add. For accuracy, include BCH(ABC) prior to live trading of the index; 21 Nov. 2018 and before.

• The current index is based on: BTC, ETH, XRP, and LTC.
  
• Market cap is calculated as (current USD price * circulating supply).
  
• Market cap is from TradingView's CRYPTOCAP tickers
  

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www.amun.com/en/index/