Advance/Decline Ratio (Bars)

Category: momentum, market_structure

Calculates the ratio of bullish 'up' bars to bearish 'down' bars over a specified 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])}

See signal primitives and every published strategy that uses Advance/Decline Ratio (Bars) on WOBR StrategyVerse.