Note: Your data provider must provide you access to the symbol ^ADV (NYSE advancing issues), ^DECL (NYSE declining issues), ^DVOL (NYSE down volume), ^UVOL (NYSE up volume), and ^TICK (NYSE TICK index (number of stocks on up tick less number of stocks on down tick)). The NinjaTrader Advance Internals indicator attempts to interpret the ADV, DECL, DVOL, UVOL, and TICK to determine if the market is trending and if it is, in what direction. Check out our post Closer Look at Advance Internals.
The indicator is built on our Oscillator Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video: