Thank you so much for your teaching! I encounter the ANT index in IBD, do you know what it is and how it works?
Thank you for your question.
The "ANT Indicator" was created by David Ryan who is a successful investor/trader at William O'Neil Capital Management, and started his own firm at Ryan Capital Management.
The ANT formula has three critical components
- A stock must increase 20% or more within 15 trading days
- The volume must increase 20% or more in that time
- The stock must trade higher in 12 of those 15 days
The term "ANT" started as a a programmer started putting black dots on the charts and they looked like ants.
Here is a video where David Ryan explains his "ANT Indicator!"