Indicator ADL (Advances/Declines Line) shows the ratio of positive and negative price increments over a specified time interval.
It has two input parameters:
ADL = (Up - Dn)
If Use Cumulative mode = Yes, then:
ADL = (Up - Dn) + ADL of the previous day
Up = Up(Period) Dn = Dn(Period)
Fig.1 Use Cumulative mode = Yes
Fig.2 Use Cumulative mode = No
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20796
A trading system based on the AbsolutelyNoLagLwma indicator signals.AnchoredMomentum_HTF
Indicator AnchoredMomentum with the timeframe selection option available in input parameters.