Advance/Decline ratio

[alvinsboy]

I am looking for a study for the ratio of advances:declines for the NYSE and NASDAQ. As I assumed that this would be a well used formula, I was surprised to discover my site search revealed nothing.

I would be grateful for any pointers.

Regards,

AB

[ACM]

AB
If you are looking for the simple ratio between the two you can do that directly in an Advanced Chart without an efs. As the symbol use $ADV /$DECL or $ADVQ /$DECLQ
If you prefer to have the same as a study use the enclosed script
Alex

function preMain() {
    setCursorLabelName("Ratio");
    setStudyTitle("Ratio");
    //checkVersion(1,);
    
    var fp1 = new FunctionParameter("Sym1", FunctionParameter.STRING);
    fp1.setName("Symbol1");
    fp1.setDefault("$ADV");
    
    var fp2 = new FunctionParameter("Sym2", FunctionParameter.STRING);
    fp2.setName("Symbol2");
    fp2.setDefault("$DECL");
        
    }

function main(Sym1, Sym2) {
    
    var vSymbol1 = close(0,-1,Sym1);
    var vSymbol2 = close(0,-1,Sym2);

    var vRatio = vSymbol1 / vSymbol2;

return vRatio;
} 

[alvinsboy]

Thanx Alexis

Thanks again Alexis, the formula is spot on

AB