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Advance Decline Line
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=60479
Forum: 17 · Topic 60479 · 3 post(s)
Advance Decline Line
Apprentice · Mon Mar 31, 2014 6:08 am
Advance Decline Line Indicator can be used as a measure of trend strength as well as an indication of possible change.
ADL indicator in Forex provides a comparison between the number of market advancing and declining moments for a given period of time.
If used Cumulative algorithm will add current period Advance Decline Line to previous period Advance Decline Line value.
Code: Select all
for i=0,Period-1, 1 do
if source.close[period-i]> source.open[period-i] then
rs=rs+1;
end
if source.close[period-i]< source.open[period-i] then
fs=fs+1;
end
end
if Cumulative then
ADL[period] = rs - fs + ADL[period-1];
else
ADL[period] = rs - fs ;
end
The indicator was revised and updated
Re: Advance Decline Line
Alexander.Gettinger · Mon Jun 02, 2014 4:52 pm
MQL 4 version of Advance Decline Line: viewtopic.php?f=38&t=60759.
Re: Advance Decline Line
Apprentice · Thu Jun 22, 2017 7:04 am
The indicator was revised and updated.