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The TSX Advance Decline item retrieves the number of advancing and declining stocks that trade in the Toronto Stock Exchange, TSX. TSX is a subsidiary of the TMX Group Inc, it is based in Toronto, the largest city of Canada and it is the largest stock exchange in that country.
This object gets two items, the first is the Advance Issues or the number of stocks that closed above their previous bar's close price; its symbol name is ^ADVTO:CA. The second is the Decline Issues or the number of stocks that closed below their previous bar's close price; the ticker symbol of the declining issues is ^DECTO:CA.
The object downloads also the open, high and low values. The open price contains the number of stocks that opened above or below their previous bar's close, the low price contains the minimum number of advancing or declining issues during a session (day) and the high price contains the maximum number of advancing or declining issues during a session.
For example, if for a trading day, the close price of the TSX Advance is equal to 1024, the open equal to 404, the high equal to 1031 and the low equal to 404, this means that:
1024 stocks closed above their previous bar's close
404 stocks opened above their previous bar's close
During the session, the maximum number of stocks whose prices were above their previous bar's close is 1031 and the minimum number of stocks whose prices were above their previous bar's close is 404 (occurred at the open).
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
