The advance/decline line (A/D) is a breadth indicator used to show how many stocks are participating in a stock market rally or decline.
When major indexes are rallying, a rising A/D line confirms the uptrend showing strong participation.
If major indexes are rallying and the A/D line is falling, it shows that fewer stocks are participating in the rally which means the index could be nearing the end of its rally.
When major indexes are declining, a falling advance/decline line confirms the downtrend.
If major indexes are declining and the A/D line is rising, fewer stocks are declining over time, which means the index may be near the end of its decline.
Love this indicator. How does the alert work exactly. I end up missing most of the signals because it is difficult to see.
Aitch-T
⋅
@Da-sein, Green and red lines show you the divergences. green line=bullish divergence, red line=bearish divergence
Da-sein
⋅
@Aitch-T, the alerts don't seem to work all the time. (The sound alerts is what I meant.)
Aitch-T
⋅
@Da-sein, the indicator is not designed to send sound alerts. Tradingview lets you create alerts, but they may not work because the indicator was not designed for that.
manthur
⋅
How many bars after divergence for the signal to confirm and display on the chart?