the A/D line i follow is not advance/decline line, but Accumulation/Distribution line
it is a variation on OBV (on balance volume)
based upon OHLCV
The accumulation/distribution line highlights buying and selling pressure to confirm existing trends.
www.investopedia.com
(((C-L)-(H-C))/(H-L)) * V
then summed
gives a generalized money flow based upon end of day data points
a _confirmatory_ indicator
so over last 8 weeks, linear regression line says up
last 4 weeks up
last 2 weeks slightly higher up
i have no idea how the virtual counterfeit shares that pop into and out of existence affect this indicator but i have strong suspicion they may, but, again i’m kinda a DCA/rage buy/HODL/accumulate since i don’t need to cash out for years…..
it’s kinda an intellectual exercise mostly