Absolute Value

Absolute Value
Absolute value is a mathematical function. The absolute value of a number is the same number without the negative sign.

- absolute value, % change, $ change,
- relative to Sector or Industry or over 40
- Indices
- color controls, data views ...

The absolute value of a number is the number's value ignoring the sign of the number. For example, the absolute value (abbreviated ABS) of +100 is 100. This is shown as ABS(100) = 100. The absolute value of minus 80 is 80. ABS(-80) = 80.

The absolute value of the current Low less the previous Close.
If the current high-low range is large, chances are it will be used as the True Range.

The absolute value of Momentum characterizes the velocity of movement of the prices; the large absolute value of Momentum means fast movement of the prices.

The absolute value of the result of subtracting the number of shares had fallen by the increase in the number of shares is called the Absolute Breadth Index.
Advance Decline Forex Indicator - 25 Day Plurality Index ...

The absolute value of the in-the-money amount; that is, the amount that would be realized if an in-the-money option were exercised.
Introducing Broker (IB) ...

Add up all price movements for n periods, disregarding whether they are up or down:
Sum of absolute values of ( Close [today] - Close [yesterday] ) for n periods
Divide Step 4 by Step 6: ...

DI Difference = The absolute value of the difference between +DI14 and -DI14.
Directional Index (DX) = DI Difference divided by the sum of +DI14 and -DI14
ADX = EMA* of DX ...

Mean Deviation: The average absolute value of the difference between the population of numbers and the mean.
Mean P/L: The average profitability of a trader's account.
Mean Return: The average monthly total return of a stock.

There is a weak relationship between two pairs if the absolute value of their correlation coefficient (usually denoted by r) doesn't exceed 0,3 (i.e. it can be anything from -0,3 to +0,3).

Referred to as a market momentum indicator, the absolute breadth index (ABI) is equal to the absolute value of the difference between the advancing issues and the declining issues.

The A/D ratio has an absolute value that does not vary in function of the number of components being analyzed - it remains constant, regardless of the number of stocks under consideration.

Unlike other indicators, it does not analyze the absolute values of the indicator but rather, it pays greater attention to the changes of price in a single moment.

Then take the absolute value of the highest closing price less the lowest closing price. This value is known as "the numerator".

The absolute value indicates how overbought/oversold the market is. Direction is most important because it indicates whether the market is getting stronger (rising) or weaker (falling).

Absolute Value Model - compares the futures earning potential against the security's current market value.

The Absolute Breadth Index (ABI) the absolute value of the difference between the number of advancing issues and the number of declining issues. The values are always positive.

With BW MFI we don't analyze absolute values of the indicator (be it 0.0030 or 0.0055), but rather focus on changes of price at any single moment.
To ease the task of evaluating those changes, in MT4 we have MFI bars colored in 4 distinctive colors: ...

To determine the denominator, sum the absolute value of the difference between each day's price and the previous day's price over the specified time periods.
The VHF is then calculated by dividing the previously defined numerator by the denominator.

Developed by Norman Fosback, the ABI is equal to the absolute value of the difference between the advancing issues and the declining issues.

Absolute Breadth Index: Developed by Norman Fosback, the ABI is equal to the absolute value of the difference between the advancing issues and the declining issues.

Average True Range (ATR) is a volatility indicator developed by J Welles Wilder and is used to measure the volatility of a security's price movement and is based on absolute values rather than percentages.

The ABI is calculated by taking the absolute value of the difference between NYSE Advancing Issues and NYSE Declining Issues.

Wilder started with a concept called True Range (TR) which is defined as the greatest of the following:
- The current High less the current Low
- The absolute value of the current High less the previous Close ...

The current High less the current Low.
The absolute value of the current High less the previous Close.
The absolute value of the current Low less the previous Close.

The True Range indicator is the greatest of the following:
-current high less the current low.
-the absolute value of the current high less the previous close.
-the absolute value of the current low less the previous close.

A positive value indicates an upward trend and a negative value indicates a downward trend. The higher the absolute value of the oscillator, the stronger the indication of a trend.
Normal Formula:
Aroon(Up) - Aroon(Down) ...

To ensure positive numbers, absolute values are applied to differences.
Typical Price
The typical price is the average of the high, low and close. Typical Price = (High + Low + Close)/3
Ultimate Oscillator ...

Intangibles are frequently improperly priced and thus the absolute value of an intangible can never be precisely pinpointed. When Warren Buffet invested in Coke one of the company's most attractive assets was its brand.

True Strength Index A momentum indicator developed by William Blau that double-smoothes the ratio of the market momentum to the absolute value of the market momentum.

is a measure of the incremental percentage change in one variable with respect to an incremental percentage change in another variable. Elasticity is almost always referred to as a positive value, meaning that people use the absolute value in the ...

To decide the value of the indicator, the charting software will pick today's range (high-low), or one of the two so-called true ranges (today's close-yesterday's high/today's close-yesterday's low), whichever has the greatest absolute value.

For put options, it is the difference from the stock price and the strike price. In both the call and the put options, the absolute value of the difference is the intrinsic value. OTM options do not have intrinsic value.

Conversely, a stock that, on average, moves in the opposite direction of the market would have a negative Beta. In a broad sense, Beta is a measure of investment riskiness; the higher the absolute value of Beta, the riskier the investment.

Finally, for the Aroon Oscillator, the positive value indicates an upward trend (or coming trend), and the negative value indicates a downward trend. The higher the absolute value of an oscillator, the stronger is an indication of a trend.

Intrinsic value: The absolute value of the in-the-money amount; that is, the amount that would be realized if an in-the-money option were exercised.

If the balance reaches a negative amount, then the buyer may settle in cash for the value of the shares plus the absolute value of the balance.

See also: Market, Indicator, Trading, Analysis, Average