SharemarketRaja

NIFTY Adv/Dec Live Count

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

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.

Want to use this script on a chart?

Comments

Hi.. can you include all stocks or atleast nifty 500 cz it changes too fast.. i was looking for a chart like the ADD chart of NYSE.If you need help do let know as I understand you have to write all 500 stocks in code
Reply
@max121, TDView will not accept more than 40 scripts this is to understand NIFTY 50 index move with market weightage building on 500 stocks will not make any sense i guess if u want i have shared a code u can customize as u need but it will not accept more than 40 scripts input
Reply
max121 SharemarketRaja
@SharemarketRaja, Hi I was trying to edit the script to fit this formula; Advancing stocks - Declining stocks = Advance Decline number to get a line plotted to know the difference at any time.
But I cant seem to get the script working as I have zero knowledge in writing scripts. If you find time do help me out. Thanks
Reply
@max121, definitely when i have a time i will design it for you and message me in chat
Reply
is this based on the weightage based of NIFTY 50 Index ? or Just all the stock with same weightage ?
Reply
Some issue in different time frame
Reply
SharemarketRaja anubis_9990
@anubis_9990, Time frame is defaulted to 15 Mins if you want u need to click indicator setting button and change time as you wish
+1 Reply
anubis_9990 SharemarketRaja
@SharemarketRaja, not help in trade because we have no idea when trend is change in intraday advance decline is good one but not public availability which shows line cross type signal
Reply
Hi, Its simple and nice. Let me try during market hours.
Reply
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