OPEN-SOURCE SCRIPT
Updated Advance Decline Line NYSE-Buschi
This script shows the Advance Decline Line of the NYSE (dark blue)in comparison to the SPX (light blue). There is also a difference line of the two series (red).
Both are indexed to current values to allow a better overview. Series can be smoothed via the length of the Moving Average.
I consider it more of a work in progress. I work on a more inuitive kind of presentation.
Both are indexed to current values to allow a better overview. Series can be smoothed via the length of the Moving Average.
I consider it more of a work in progress. I work on a more inuitive kind of presentation.
Release Notes
German translationDeutsch:
Das Skript zeigt die Advance Decline Line der NYSE (dunkelblau) im Vergleich zum SPX (hellblau). Zusätzlich wird die Differenzlinie dieser beiden Werte gezeichnet (rot).
Die Linien werden auf momentane Werte indiziert, um eine bessere Vergleichbarkeit zu bewerkstelligen. Eine Glättung kann über einen gleitenden Mittelwert hergestellt werden.
Das Skript ist sicherlich noch verbesserungswürdig. Ich arbeite an einer möglichst intuitiveren Bedienbarkeit.
Release Notes
English:
minor changes:
- difference line deleted (more confusing than helpful)
- manual scaling and shifting of the Advance Decline Line enabled to correspond with the SPX
- generally a more simple approach
German:
kleinere Änderungen:
- Differenz-Linie entfernt (stiftete mehr Verwirrung als Hilfe)
- manuelles Skalieren und Verschieben der Advance Decline Line ermöglicht, um mit dem SPX zu korrespondieren
- ein grundsätzlich einfachere Herangehensweise
Release Notes
English:
corrected a spelling mistake
Deutsch:
Rechtschreibfehler korrigiert
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.