AD_Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The AD indicator (Up/Down) was developed by Sherman and Marian McClellan and is based on the indicator Lana .
It shows two components of the RANA indicator - positive and negative deltas in the prices of instruments available in Market Watch, including the specified currency.
It has one input parameter:
Up = Up (RANA) Dn = Dn(RANA)
Where:
RANA = (upper - Dn)/(upper + Dn)
- Up - the number of bullish candlesticks on all symbols;
- Dn - the number of bearish candlesticks for all symbols.
It should be noted that when first launching or switching timeframes, the indicator will take some time to download the necessary history for all required symbols.
The indicator RANA is not required for operation - it is calculated independently by the indicator.
Attachment download
📎 ad_indicator.mq5 (16.54 KB)
Source: MQL5 #20690
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •