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Modified Advance Decline Line

Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=67098
Forum: 48 · Topic 67098 · 1 post(s)


Modified Advance Decline Line

Alexander.Gettinger · Fri Dec 07, 2018 2:48 pm

Formula: MAD[i] = MAD[i-1]+(2Close-High-Low)/(High-Low)(Volume+MA), where MA - MVA(Volume) with [Length] number of periods.

Modified AdvanceDecline Line.PNG

Download:

Modified AdvanceDecline Line_JS.jsl