HPotter

Advance-Decline Indicator

The Advance-Decline Indicator is a market breadth indicator
based on the smoothed difference between advancing and declining issues.
The indicator shows when the stock market is overbought (and a correction
is due) and when it is oversold (and a rally is due).
The Advance-Decline Indicator is a 10-period exponential moving average of
the difference between the number of advancing and declining issues.
Remove from Favorite Scripts Add to Favorite Scripts
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 08/09/2014
// The Advance-Decline Indicator is a market breadth indicator 
// based on the smoothed difference between advancing and declining issues.
// The indicator shows when the stock market is overbought (and a correction 
// is due) and when it is oversold (and a rally is due).
// The Advance-Decline Indicator is a 10-period exponential moving average of 
// the difference between the number of advancing and declining issues.
////////////////////////////////////////////////////////////
study(title="Advance-Decline Indicator")
Length = input(10, minval=1)
BuyBand = input(-1500)
SellBand = input(1500, minval=1)
hline(SellBand, color=red, linestyle=line)
hline(BuyBand, color=green, linestyle=line)
xOvbOvs = ema(close, Length)
clr = iff(high > SellBand, red, iff(low < BuyBand, green, blue))
plot(xOvbOvs, color = clr, style  = histogram, linewidth = 2, title="Advance-Decline Indicator")
DONATE/TIP

BTC: 1Lo1GoTNsPbrjGAgPgF4MYZPhBFdoVHaTm
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out