Advance-Decline Ratio (Bars)
Oscillators, ADR (bars)
- What it shows
The ratio of rising bars to falling bars over the last N bars.
- How it is built
It counts the up bars and the down bars in the window and divides one by the other.
Default: Length 9.
- How traders read it
- Above 1: more up bars than down bars.
- Below 1: more down bars.
- Counts bars only, not their size.
Related indicators
RSI Divergence IndicatorGG-OscRelative Strength IndexMoving Average Convergence Divergence