OPEN-SOURCE SCRIPT

ADL-NDX ADL-SPX Rank Difference

Black: Adl Nasdaq + Adl Spx
Red: ADL nasdaq - ADLSPD

If red~0 and black >> 0 or << 0: wait more volatility
Breadth IndicatorsVolatility

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 publication is governed by House rules. You can favorite it to use it on a chart.

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