Advance/Decline Ratio (Bars)

Category: market_structure, momentum

Calculates the ratio of bars closing higher than their open vs bars closing lower than their open over a lookback period.

Formula

\text{ADR\_B} = \frac{\sum_{i=0}^{n-1} [C_i \ge O_i]}{\max(1, \sum_{i=0}^{n-1} [C_i < O_i])}

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