Consecutive Advance/Decline Indicator for Tracking Rising and Falling Prices

Summary

The document describes a Consecutive Advance/Decline indicator that plots two lines in a separate chart window. One line tracks rising prices and the other tracks falling prices, giving a compact view of the number of advances and declines. The indicator has one configurable setting: the applied price used by its counter.

This is a brief feature description rather than a full trading method. It does not explain how consecutive moves are counted, provide a formula, show example charts, or test whether the indicator predicts returns. Traders can take from it the basic idea of monitoring advances and declines as separate series, but would need further documentation to interpret signals or assess performance. The source is a translated indicator listing, and it offers no evidence about suitable markets, timeframes, or parameter choices.

Key ideas

• The indicator displays rising and falling price counts as separate lines.
• It places its output in a chart window separate from price.
• The applied price is its only stated configurable parameter.
• The description gives no calculation details or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.