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.
Can this be displayed in a chart without using an indicator e.g. USI:ADVN.NQ - USI:DECL.NQ ? There is the option of baseline, which does display only lines, and there is the option histogram, which does not display bars below the zero line.
OTCFinancial
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Hi. Does this work on all time frames? or only 1Day chart
dman103
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@OTCFinancial, It supports daily, weekly, and monthly which you can change from the indicator settings. There is not really any benefit in showing a lower time frame than that.