The latest must have NinjaScript to enhance your quad even further. Advance decline on the S&P is one of the most powerful tools you can have in your arsenal when trying to figure out the intraday direction of the /ES and broad market. The S&P 500 can only move accordingly with the 11 sectors that make it up. The problem is that these sectors are all weighted differently. This script plots both an unweighted and a weighted A/D line using the 11 sectors and their respective weights. This gives the trader a huge edge in discerning the strength of moves and also knowing when there is positive or negative divergence in heavier versus lighter weighted sectors as the day unfolds. ShadowTrader Weighted S&P Advance Decline Line
  • Plots a weighted S&P A/D line against an unweighted one
  • Shows when heavier weighted sectors in S&P are leading or lagging
  • Adds another vital layer to internal divergences and confirmations
  • Customizable to view plot in 15 different formats (lines, arrows, histogram, dots, etc)
  • Includes detailed instructions on how to insert and customize on your NINJATRADER platform
SPX Weighted AD for Ninja 8


Important.  Please Note that the weighted AD indicator is based on the individual sectors of the S&P 500 Index.  Therefore, full stock market data (not sample, or partial data) is required for this indicator to function in ninjatrader8.

Also available for TradingView!  CLICK HERE