Advance/Decline Market Dip Indicator

[Ghost]

Platform

1. Thinkorswim

Thought I would share this gem I just made. AD Dip that seems to be quite accurate in mesauring the dips in the market.

https://imgur.com/a/4gTZCed

declare lower;
#AD Dipper
#Ghost

input length1 = 3;
def price = close("$ADVNC");
def emaff = ExpAverage(price, 3);
plot emaf = ExpAverage(emaff, 3);

plot line1 = 1200;
plot line2 = 1300;

plot line3 = 2200;
plot line4 = 2100;

plot line11 = 900;
plot line22 = 800;

plot line33 = 2500;
plot line44 = 2600;


line1.setdefaultColor(color.green);
line2.setdefaultColor(color.green);
line3.setdefaultColor(color.green);
line4.setdefaultColor(color.green);

line11.setdefaultColor(color.red);
line22.setdefaultColor(color.red);
line33.setdefaultColor(color.red);
line44.setdefaultColor(color.red);

addcloud(line2,line1, color.green);
addcloud(line3,line4, color.green);

addcloud(line22,line11, color.green);
addcloud(line33,line44, color.green);