I just found out there's an
advance/decline for GDX. First off one needs to plot this a a
cumulative graph.
One could use this in multiple ways:
Look for divergences between it and GDX, also draw trendlines.
The other thing is as a mean reversion, kind of like we do
with the NYMO and NAMO, when it closes below the lower BB's, that's
a mean reversion buy signal, and above would be a sell signal - see
chart
GDXADP, GDX Advance/Decline pretty cool
Posted by matt on 7th of Aug 2026 at 10:23 am
I just found out there's an advance/decline for GDX. First off one needs to plot this a a cumulative graph.
One could use this in multiple ways: Look for divergences between it and GDX, also draw trendlines. The other thing is as a mean reversion, kind of like we do with the NYMO and NAMO, when it closes below the lower BB's, that's a mean reversion buy signal, and above would be a sell signal - see chart
$GDXADP - Gold Miners Advance-Decline Percent - Chart Link
Nice! Looking forward to seeing
Posted by Soldtoosoon on 7th of Aug 2026 at 11:33 am
Nice! Looking forward to seeing this in your toolbox in the future!