Reply To: Williams AD – price based

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MathewMathew
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Hi Mark,

That is the formula for the DRF (Daily Raw Figure) which matches what I have in Perry Kaufman’s Trading Systems book.

Remember the distinction between the Breadth Advance Decline line and this AD Oscillator. It may be that the other trading apps are showing a breadth measure rather than this TA Indicator.

Bottom line. Your script is right and it matches what we have for the Williams Advance Decline indicator.

All the best

Mathew

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