Participation behind the index move.
| Concept | Explanation | |---|---| | Advancing security | Closes higher than the comparison period. | | Declining security | Closes lower than the comparison period. | | Advance-decline line | Cumulative difference between advancing and declining securities. | | Advance-decline ratio | Advancers divided by decliners. | | Breadth divergence | Index and participation move in different directions. |