This script plot a NYSE ADVANCING DECLINING VOLUME LINE on a WMA histogram of SPY. Very new at coding pine script, so use at your own risk
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I've added a condition to draw a cross when SPX put volume is greater than 500000. This extreme volume level may indicate a squeeze or a bottom is close.
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Only changed the version number because I wanted to load a more clean chart.
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Went over and tidied my code. Added a title to the put signal, changed the 30 hline to 20, and reduced the line width on the SPY histogram
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Added the ability to change spy length and adv length separately. I tried some different smoothing on the advance/decline line but didn't like the results. Corrected changing the version number, it's now version 4.
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I added a condition to plot a cross at the bottom when SPX call volume is greater than 350000, also changed the hline levels to Fibonacci numbers.
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You can now choose different index and ticker symbols from settings.
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You can now change min max multiplier in settings.
@Fibonacci_Club, It's an index of the New York stock exchange advancing and declining volume.
0kennywayne
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@Fibonacci_Club, I used the compare option with the index then right-clicked the line to move to a new pane above the chart. Then you can go into settings and change the line to display as candles.
what is ADVDECV.NY,USI
it look great