Definitions
In plain terms
Moving Issues counts only securities that finished above or below their comparable prior close, leaving unchanged issues outside this total.
Technical
For advancing count A and declining count D, the moving-issue count is M = A + D and forms the denominator of canonical ratio-adjusted McClellan breadth.
Scope
Moving Issues is not the entire universe size when unchanged, excluded, or unclassified securities exist.
Formula
M = A + DM_t = A_t + D_t| Symbol | Meaning | Unit |
|---|---|---|
M_t | Moving issues for session t | issues |
A_t | Advancing issues for session t | issues |
D_t | Declining issues for session t | issues |
Output unit: issues
Examples
- With 620 advances and 480 declines, there are 1,100 moving issues.
Common misconceptions
- Moving Issues does not include unchanged issues in the canonical ratio-adjusted denominator.
Concept relationships
Prerequisites
Related
Derived from
Feeds into
Where this concept is used
Tutorials planned
These catalogued topics use this concept, but their complete build has not shipped yet.
- D04-F01-A02 Primary
- D04-F01-A04 Prerequisite
- D04-F02-A02 Important
Evidence and governance
- Ratio Adjusted Summation Index McClellan Financial Publications · first party methodology
Supports: short definition, technical definition, formula, units, variant distinction
Limits: Historical interpretive thresholds are not universal trading rules; the source does not prescribe the package's evidence or software failure policies.
- Reviewed by
- Islam Baraka
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published
