OPEN-SOURCE SCRIPT
Aggiornato NYSE Advance/Decline Line 1.0
NYSE Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NYSE stocks advancing and total number of NYSE stocks declining in one day, providing another way to grasp the market breath at any moment.
Green columns mean more than 50% of NYSE stocks are advancing, red columns mean more than 50% of NYSE stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NYSE Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NYSE stocks advancing and total number of NYSE stocks declining in one day, providing another way to grasp the market breath at any moment.
Green columns mean more than 50% of NYSE stocks are advancing, red columns mean more than 50% of NYSE stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NYSE Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
Note di rilascio
NYSE Advance/Decline Line is a Market Breath indicator.Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NYSE stocks advancing and total number of NYSE stocks in one day, providing another way to grasp the market breath at any moment
Green columns mean more than 50% of NYSE stocks are advancing, red columns mean more than 50% of NYSE stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NYSE Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.