PROTECTED SOURCE SCRIPT
HSI 15 MAS A/D Line

HSI 15 MAS A/D Line
This script calculates the Advance-Decline Line (AD Line) for the top 15 most active stocks within the Hang Seng Index, representing a significant 65.82% of the index's total weight. The AD Line is a crucial breadth indicator, measuring the difference between the number of advancing and declining stocks within the selected 15 constituents. By tracking this cumulative difference over time, the AD Line provides insights into market trends and potential reversals, reflecting the underlying strength or weakness of the market.
Features:
How It Works:
Use Case:
This AD Line is useful for traders and analysts who want to gauge the strength of the market trend beyond just price movement, by analyzing how many stocks are participating in the trend. It's particularly effective in confirming or questioning the sustainability of a trend, making it a valuable tool in both bullish and bearish market conditions.
Important Notes:
This script calculates the Advance-Decline Line (AD Line) for the top 15 most active stocks within the Hang Seng Index, representing a significant 65.82% of the index's total weight. The AD Line is a crucial breadth indicator, measuring the difference between the number of advancing and declining stocks within the selected 15 constituents. By tracking this cumulative difference over time, the AD Line provides insights into market trends and potential reversals, reflecting the underlying strength or weakness of the market.
Features:
How It Works:
Use Case:
This AD Line is useful for traders and analysts who want to gauge the strength of the market trend beyond just price movement, by analyzing how many stocks are participating in the trend. It's particularly effective in confirming or questioning the sustainability of a trend, making it a valuable tool in both bullish and bearish market conditions.
Important Notes:
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.