Advance Decline Line (ADL)
Trading with ADL involves the following signals:
ADL is rising and so does the price — uptrend is healthy.
ADL is falling and so does the price — downtrend is healthy.
Divergence between ADL and price - changes/pauses in the trend should be expected.
Advance Decline Line indicator
Advance Decline Line indicator is used in Forex to identify and confirm strength of a trend, as well as its chances for reversing. ADL indicator in Forex provides a comparison between the number of market advancing and declining moments for a given period of time.
Advance Decline Line Formula
ADL = (N of Advancing Issues — N of Declining Issues) + Previous Period's ADL Value
Advance Decline Line chart example
The Advance Decline Line is found by measuring the difference between advancing and declining issues for each day. This value (+ or - ) is added to the previous ADL value.
How to trade with Advance Decline Line
In general, if the market is trading upwards and Advance Decline Line is sloping down (divergence), it suggests that a current trend is losing its strength and may soon reverse. If the market is trending upwards and so does Advanced Decline Line, the situation is stable and the current trend is said to be strong.
A divergence that can be seen between price and indicator line is only a warning of possible changes settling. A divergence factor for ADL indicator may last for a long period of time, therefore ADL indicator cannot be used as a timing indicator.
Daily ADL is usually used to determine strength and length of short term intra day trends in Forex, while weekly ADL is found to be more useful for trend comparisons over several years.
tried some trades with this repainting indicator.... m using m5 and m1 for binary......m5 for 15 min to 30 minand m1 for 5min to 10 min
Hi Everything.Im from Malaysia.Dont want to talk to much. Just wanna share my indicator (existing indicator with my setting).I'm Trying to share my system so that others which impacted with COVID Pandemic can gain & others who able to improve this system are most welcomed.!!THANKS.Rule: M15 TF H1 TF 1.(Only use for H1 VS M15) (both direction must be align)2.Sell/Put when Down arrow in RED ZONE (Preferable) either in H1 TF or M15 TF3.Buy/Long when Up arrow in BLUE ZONE (Preferable) either in H1 TF or M15 TFTP : Next Line FIB This is my 3 Month of trading with no red result. All blue. Thanks me later. Some Might say its repaint whenever they try in Strategy tester - Yerp. Ive Tried. In Tester its repaint a lot.but whenever i tried in Real the result are too good to be true(SO please try in demo LIVE 1st using my Template then only Comment ok! since my template got few filter in there. Thanks)
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