Stocks Advance/Decline Histogram

Stocks Advance/Decline Histogram indicator, which I call ADH is my own implementation that plots an histogram of the difference between the number of advancing and declining stocks on a daily basis (or higher time frame) for the NASDAQ and NYSE.

How to use it?
Green: More NYSE stocks are advancing than declining.
Red: More NYSE stocks are declining than advancing.

Light Green: More NASDAQ stocks are advancing than declining.
Light Red: More NASDAQ stocks are declining than advancing.

Note: Advance/Decline data is based on daily or higher time frames.

Appreciation of my work:
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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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