English: An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish divergence).
Deutsch: Eine Erweiterung der Advance Decline Line der NYSE. Oft möchte man den Verlauf der Advance Decline Line mit dem zugehörigen Leitindex vergleichen. Daher habe ich für beide ein Ranking (0 bis 100) erstellt auf Basis des Verlaufs über die letzten Tage (Standardwert: 21 Tage). Die Differenz stellt dabei die Zielgröße dar und schwankt zwischen -100 (bärische Divergenz) und +100 (bullische Divergenz).
I have a doubt, regarding the script, yes I see that ADL and SPX are above 0, both rising, in a difference of 50 ADL, 20 SPX, and the difference is at -30, I do not understand well, what pattern is indicating me. Thanks
I have a doubt, regarding the script, yes I see that ADL and SPX are above 0, both rising, in a difference of 50 ADL, 20 SPX, and the difference is at -30, I do not understand well, what pattern is indicating me. Thanks