Williams Advance/Decline Line

RiccardoZago

Good morning. I downloaded Williams Advance/Decline Line.
In the description it says: "The Williams Advance & Decline line is used to determine the market sentiment or strength in a trend and it will inform traders if there are more assets rising or falling. you will find that it is used to confirm price trends and can also warn when reversals or divergence occurs."

It is not clear: Which assets?
https://clickalgo.com/larry-williams-indicators

Sebastian

The advance/decline line (or A/D line) is a technical indicator that plots the difference between the number of advancing and declining stocks on a daily basis. The indicator is cumulative, with a positive number being added to the prior number, or if the number is negative it is subtracted from the prior number.