How Can I Plot One Indicator Up and the Other Down?


Some indicators come in bullish-bearish pairs. Examples include advances and declines, up volume and down volume, new highs and new lows, and percent bulls and percent bears. These bullish-bearish pairs can be plotted as an up-down pair using a special indicator (Price - Up/Down Pair). Select this indicator and then enter the two symbols separated by a comma. The first symbol will be up (green) and the second symbol will be down (red). 

The chart above shows the Nasdaq in the main window with three examples in the indicator windows. The first is Nasdaq Advances ($NAADV) and Nasdaq declines. The second is Nasdaq New Highs ($NAHGH) and Nasdaq New Lows ($NALOW). These two indicators are updated daily. The third indicator is AAII Bulls (!AAIIBULL) and AAII Bears (!AAIIBEAR), which is a weekly sentiment indicator. 

Click this image for a live chart

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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