mmm. Actually I threat it differently. 350-450 tick is perfect strong trend tick range. Its the 850+ spikes which usually signify end of trendThe TICKS and AD are not extreme, reversals can happen anytime
My threshold is +/- 350
@Talochka You seem to have a typo. It's 350, and NOT 3350.HELP!!!
can you please explain what "3350' and AD are you talking about?
thanks for clarifying, also where do you get info on advance decline number@Talochka You seem to have a typo. It's 350, and NOT 3350.
This is in reference to the S&P 500 that has a basket of 500 stocks.
AD 350 means that 350 stocks out of the 500 are advancing
AD -350 means that 350 stocks out of the 500 are declining
# AD Color Coded # tomsk # 12.2.2019 input ADSymb = "$ADSPD"; def AD = if !IsNaN(close(ADSymb)) then close(ADSymb) else AD; AddLabel(1, " AD = " + AD, if AD < -350 then Color.Pink else if AD > 350 then Color.Cyan else if between(AD, -250, 250) then Color.White else Color.Yellow);
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