[isatrader]

I'm trying to replicate the advance decline momentum index. Does this look right to you?

It's a daily chart on the "T2100" which is telecharts NYSE advance decline that has been "improved". I then simply added a 200 day MA.

In your opinion, is it important on these indicators to zero the moving average? I cannot seem to replicate the zeroing of MA's in telechart.

No, that's not the Momentum Index. What you've got there is the Cumulative Advance - Decline Line.

The Momentum Index is the 200 Day moving average of the daily NYSE Advancing stocks minus the Declining stocks.

I post the Momentum Index every weekend in the Market Breadth Update thread with the other two main Advance Decline Indicators, and more variations in the subscriber only Market Breadth Extra thread in the elite section of the website. So if you can't create it in the software you are using then an up to date version is always available on here.

Attached is a marked up version of the latest Advance Decline Line charts that I posted at the weekend in the Market Breadth thread for you to compare with, which has the three main Advance Decline Indicators.

• Cumulative Advance Decline Line
  
• Momentum Index
  
• 10 Day Advance - Decline Line Oscillator - which is used for shorter term signals