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Volume Indicator: Accumulation/Distribution
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1961
Forum: 17 · Topic 1961 · 2 post(s)
Volume Indicator: Accumulation/Distribution
Nikolay.Gekht · Sat Aug 28, 2010 8:13 pm
Accumulation Distribution confirms price trends or notifies of weak movements that could result in a price reversal using volume.
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Accumulation: Volume is considered to be accumulated when the day’s close is higher than the previous day’s closing price. Thus the term “accumulation day”
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Distribution: Volume is distributed when the day’s close is lower than the previous day’s closing price. Many traders use the term “distribution day”
The basic A/D formula is A/D = ((close - low) - (high - close)) / (high - low) * volume
Btw, some analysis methods use the accumulated version of the indicator: A/D = (((close - low) - (high - close)) / (high - low) * volume) + A/Dprevious
This implementation supports both modes. The mode can be chosen via the indicator parameters.
Download:
See also the version of the indicator with Tradestation’s formula
The indicator was revised and updated
Re: Volume Indicator: Accumulation/Distribution
Apprentice · Thu Jan 12, 2017 8:35 am
Indicator was revised and updated.