Advance_Decline_Line - MetaTrader 5 script - MQL5 #20796
The ADL indicator (Ascending/Declining Line) shows the ratio of positive and negative price increments over a specified time interval.
It has two input parameters:
ADL = (upper - lower)
If Use Accumulation Mode = Yes, then:
ADL = (Up - Dn) + previous day’s ADL
Where:
Up = Up(Period) Dn = Dn(period)
- Up - the number of bullish candlesticks in a period;
- Dn - the number of bearish candlesticks in a period of time.
Figure 1 Use Accumulation Mode = Yes
Figure 2 Use accumulation mode = No
Attachment download
📎 advance_decline_line.mq5 (6.94 KB)
Source: MQL5 #20796
Advance_Decline_Line - MetaTrader 5 Script - MQL5 #20796 Usage and Filtering Advice
Advance_Decline_Line - MetaTrader 5 Script - MQL5 #20796 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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