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Advance_Decline_Line.mq5 (6.94 KB) view

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Indicator ADL (Advances/Declines Line) shows the ratio of positive and negative price increments over a specified time interval.

It has two input parameters:

Period - calculation period;
Use Cumulative mode - use the "cumulative" algorithm of calculations (Yes/No).

Calculations:

ADL = (Up - Dn)

If Use Cumulative mode = Yes, then:

ADL = (Up - Dn) + ADL of the previous day

where:

Up = Up(Period)
Dn = Dn(Period)

Fig.1 Use Cumulative mode = Yes

Fig.2 Use Cumulative mode = No

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20796

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Advance_Decline_Line - indicator for MetaTrader 5