The Intraday Trading Hub
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This page is dedicated to creating and sharing useful indicators, studies and ideas for TradingView users. First language: ENGLISH. Secondary: SPANISH.
Our aim is to help everyone, from beginners to power users and advanced coders.
https://www.tradingview.com/script/8aeB5imC-Advance-Decline-Line-IQ/
Advance/Decline Line is a Market Breath indicator.
A/D line calculates a ratio between total number stocks advancing and total number of stocks in one day, providing another way to grasp the market breath at any moment.
The indicator covers the whole market, as we use data from the three main exchanges: NYSE, NASDAQ and AMEX
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