Stocks Advance/Decline Histogram — Indicator by dman103

Stocks Advance/Decline Histogram indicator, which I call ADH is my own implementation that plots an histogram of the difference between the number of advancing and declining stocks on a daily basis (or higher time frame) for the NASDAQ and NYSE.

How to use it?
Green: More NYSE stocks are advancing than declining.
Red: More NYSE stocks are declining than advancing.

Light Green: More NASDAQ stocks are advancing than declining.
Light Red: More NASDAQ stocks are declining than advancing.

Note: Advance/Decline data is based on daily or higher time frames.

Appreciation of my work: paypal.me/dman103
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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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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