% Total daily increments - Indicator Formula

The "Daily Percentage Increments Sum" indicator graphically represents the percentage increase (or decrease) of the stock.

Technically, the chart is drawn by adding, day by day, the percentage value assigned to the stock; the calculation of the percentage of variation is made on the closing values, quoted every day.

In the case in which the stock has obtained a negative performance, that is has had a negative percentage with respect to the previous day, the percentage variation will then be subtracted, rather than added.

The Indicator Chart has a start assigned to the zero value.

When the % Total daily increments line is above the Zero-Line, or positive, this represents an uptrend or a bullish opportunity.

When the % Total daily increments line is below the Zero-Line, or negative, this represents a downtrend or a bearish opportunity.