dman103

Advancing Declining Oscillator

Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings.
If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED.
Optional to smooth it by EMA (true by default).

Like if you Like and Enjoy!
Release Notes: Minor update at conditions.
Release Notes: Minor update.
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Appreciation of my work: https://paypal.me/drorriov

Comments

Wow i'm just now going through all your indicators. I really love your use of the new pine features dynamic variables and arrays. I'm always a big fan of innovative indicator creators.
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dman103 stevenwalter0
@stevenwalter0, I appreciate your words, I endeavor to think out of the box.
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