The Advance-Decline chart can be accessed from any Telemet Orion screen. Simply select Charts > Advance-Decline Line from the Display menu.
The Advance-Decline Line is a cumulative market breadth indicator. The Telemet Orion symbol for the indicator in ADVDCL-I. It can be compared to a general Market Index or any Issue
The index is calculated by taking the difference between the number of advancing issues and number of declining issues and adding that difference to the previous day’s running total. Daily New York Stock Exchange data is used in the calculation.
Interpretation of the Advance-Decline Line is commonly performed as follows:
| Market Index | Advance-Decline Line | Interpretation |
| Rising | Falling | Bearish |
| Near or at previous top | Significantly below corresponding top | Bearish |
| Near or at previous top | Significantly above corresponding top | Bullish |
| Falling | Rising | Bullish |
| Near or at previous bottom | Significantly above previous bottom | Bullish |
| Near or at previous bottom | Significantly below previous bottom | Bearish |
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