NIFTY Adv/Dec Live Count

Nifty 50 IndexNSE

Beskrivning

⋅ 2 sep 2020 10:43

1) NIFTY Index Advance-Decline count
2) Each session, it reads the number of stock are +Ve or -Ve
3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted
4) at +/- 25 drawn a dotted line if Count is > = +/-25 Nifty is moving in a strong army

Eg:-

in the current session, 30 Stock is moving in +Ve direction & 10 are in -Ve direction
30 count will be plotted in the chart

Kommentarer

faulal96

⋅ 8 nov 2023 04:13

not woring now in 2023

BoomBabish

⋅ 29 jul 2023 05:09

Excellent Idea. Can you create similar script for BANKNIFTY and FINNIFTY pls?

BoomBabish

⋅ 29 jul 2023 05:11

@BoomBabish, I see you have already created. Thanks :)

UnknownUnicorn4658161

⋅ 28 aug 2022 07:38

Hi Raja,

THe indicator is very helpful. Thanks for creating and allowing us to use. Can i request you add Buy / Sell signal based on Volume? Thanks

SharemarketRaja

⋅ 29 aug 2022 04:36

@Vijendhar, actually this is to know the depth of the market or to understand the majority direction of Nifty stocks we cant add buy or sell signals

King_Bhavesh_

⋅ 25 jun 2022 07:23

//@version=5
indicator(title = "Advance Decline Line", shorttitle="ADL", format=format.price, precision=2)
adlCalc(difference) => ta.cum(difference > 0 ? math.sqrt(difference) : -math.sqrt(-difference))
adl = request.security("(USI:ADVN.NY - USI:DECL.NY) / (USI:UNCH.NY + 1)", timeframe.period, adlCalc(close))
plot(adl, "Advance Decline Line")

This is Advance Decline Line Indicator for US market, can you please suggest modification for INDIAN market ( CNX500 ) , it will be great help.
I tried using symbols like nse, cnx500, nifty in there, but it giving error. Please help
Thank You

SharemarketRaja

⋅ 28 jun 2022 02:13

@King_Bhavesh_, code is already there above pls use it

susantarya.sg

⋅ 22 jun 2022 13:44

It gives wrong count, today 22/06/22, 44 stocks in decline in nifty 50 but the result shows 35. So program may be modified with list of companies present now in nifty 50.

SharemarketRaja

⋅ 23 jun 2022 10:35

@susantarya.sg, the Trading view will not allow adding more than 40 scripts so i added only top 40 according to its weightage, this indicator purpose which I designed to use at a lower time frame with other my index weightage indicators to see high weighted stocks moving direction so that it will add extra confirmation to my other setups near support, resistance gaps how overall market is moving

mermitesh23

⋅ 23 maj 2022 16:22

hi would like to see this as advance and decline line , is it possible

Mer