Re: [amibroker] Advance Decline Line ATTN: DMcleod

["Joe Landry" <jelandry@xxxxxxxxxxxxx>]

I didn't try to see what was happening with your code, but here's a code fragment from the Clearwater School that will develop the 

advancing issues and declining issues as well as new highs and new lows (note the original author used 60 bars or 6 weeks).

Apply it to a list of your sectors's stocks and run SCAN.

 There's a section for your indicator window that will display new highs/new lows. 

Best Regards

Joe Landry 

// Breadth of NDX100 

// Develops 4 composites that can be plotted or manipulated as you wish

// 

// How to Run

// 1) Build a watchlist of NDX100 stocks

// 2) Select an issue with a long history in the current ticker window

// 3) Set APPLY TO to use filter NDX100

// 4) Set RANGE to one bar... 1 n last quotations

// 5) Press SCAN

// Voila! 

Buy=Sell=0; 

Filter=1; 

//===================6 Weeks New Highs New Lows==========================================

AddToComposite(IIf(High > HHV(Ref(High, -1), 30), 1, 0), "~NDXNewHighs", "X");

AddToComposite(IIf(Low < LLV(Ref(Low, -1), 30), 1, 0), "~NDXNewLows", "X");

//===================Advance/Decline Issues 

AddToComposite(IIf(Close - Ref(Close, -1) > 0, 1, 0), "~NDXAdv", "X" );

AddToComposite(IIf(Ref(Close, -1) - Close > 0, 1, 0), "~NDXDec", "X" );

>>>>>>>>>>>>>>>>>>>>> For Your indicator builder <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<,

NASADV=Foreign("~NDXAdv","X");

NASDECL = Foreign("~NDXDec","X");

DIFF = NASADV-NASDECL;

Plot(NASADV,"NAS(Grn)",8,2);

Plot(-NASDECL,"NAS(Red)",4,2);

Plot(MA(Diff,10),"10dayMA",1,4);

Plot(0,"",colorLightBlue,1);

Title = "NASDAQ Adv(Green) & Decl(Red),Net10day MA";

  ----- Original Message ----- 
  From: dmcleod1981 
  To: amibroker@xxxxxxxxxxxxxxx 
  Sent: Saturday, September 11, 2004 3:36 PM
  Subject: [amibroker] Advance Decline Line


  I am trying to use the addtocomposite to create an Advance Decline 
  line for each sector.

  I have the following code but this does not create a cumulative line 
  which is what I am trying to do.

  //creates advance /decline by sector composite

  up=C>Ref(C,-1);
  dn=C<Ref(C,-1);
  ADln=(up-dn);
  Ad="~AD"+SectorID(1);
  AddToComposite(ADln,AD,"C");
  Buy=Sell=Short=Cover=0;

  I tried using Cum(ADln); etc but I am not really sure how all of this 
  works together yet. Still a newbie grasping for a clue....

  Thanks

  DM





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