Advance-Decline Volume Percent Backtest

Advance-Decline Volume Percent ( AD Volume Percent ) is a breadth indicator
that measures the percentage of Net Advancing Volume for a particular group
of stocks, such as an index or ETF . Net Advancing Volume equals the volume
of advances less the volume of declines. AD Volume Percent equals Net Advancing
Volume divided by total volume for the group. AD Volume Percent fluctuates
between -100% and +100%.

You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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