ADI ADD Internals Matrix

Created by ADI(@adikvcs)

Note: The TICK and ADD Internals Matrix scripts are specifically designed to work together and are exclusively accessible through our Discord. We encourage pairing with additional technical analysis tools for a well-rounded view of the market and solid risk management. For more details on setup, interpretation, and best practices--

Join our discord community.

Version:

• V1

Description

The ADI ADD Internals Matrix is designed to help traders interpret the Advance-Decline ($ADD) line in real-time. By mapping key thresholds (+1500, +1200, -1200, -1500) and employing a 3-minute exponential moving average (EMA), this script highlights potential shifts in buying or selling pressure. Color-coded chart cues and labeled alerts offer clear insights into extreme market conditions, making it easier for traders to spot potential turning points.

Features

1. Trend & Extreme Detection

   • Highlights critical $ADD levels (+/-1200 and +/-1500) with color-coded plot points.

   • Alerts when the market hits extreme buying/selling conditions.

2. Mean Line & Cumulative Analysis

   • Uses a 3-minute EMA for a smoother view of $ADD movement.

   • Provides a “mean line” to help visualize short-term market bias.

3. Thrust Signals

   • Integrates a thrust signals that shows potential short-term reversions.

   • Plots green and red squares to highlight bullish or bearish “thrust” events.

4. Customizable Thresholds

   • Easily adjust period and smoothing lengths to fit personal trading strategies or changing market conditions.

5. Visual Labels & Alerts

   • Labels track $ADD levels and momentum at a glance.

   • Configurable alerts trigger when $ADD crosses defined thresholds, ensuring traders are promptly notified of unusual activity.

Disclaimer: Trading options involves substantial risk. This script is for informational purposes only and is not a guarantee of success. Always conduct thorough due diligence, and practice proper risk management.