NIFTY Adv/Dec Live Count — Indicator by SharemarketRaja

advancedeclineratio nifty advance decline

1) NIFTY Index Advance-Decline count
2) Each session, it reads the number of stock are +Ve or -Ve
3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted
4) at +/- 25 drawn a dotted line if Count is > = +/-25 Nifty is moving in a strong army

Eg:-

in the current session, 30 Stock is moving in +Ve direction & 10 are in -Ve direction
30 count will be plotted in the chart

Open-source script

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