GOLD 0.51% $1,391.7 gold futures

I am not sure the ADL indicator is much use for a Forex pair. By...

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    I am not sure the ADL indicator is much use for a Forex pair. By measuring this line against the SP500 will give that "extra vision" of filtering the index influencing stocks to get a deeper view. I am not a practitioner of this indicator but the power is the divergence between a rising index and a falling line suggesting that heavy index weighted stocks are giving a misleading view since index is a very generic measure of strength or weakness in the equity markets.

    I'll play with trading view.com since I have not found a charting package offering this indicator cheaply.
 
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