Under the Hood
ADD performs element-wise addition of two data series (arrays/vectors). For each time period, it adds the corresponding values from two input series: Output[i] = Input1[i] + Input2[i]. This is a mathematical utility function for building custom indicators that require adding two data streams together. ADD operates on entire time series vectors rather than single values.
In Practice
Algorithm developers use ADD when building custom indicators that combine two data series. For example, creating a composite indicator by adding RSI and Stochastic, or combining multiple oscillators into a single signal. ADD is essential for indicator algebra and building complex multi-component indicators. It's a foundation building block for custom technical analysis development.
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