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Accumulation / Distribution for Metastock
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Tags:
metastock, oscillator
Accumulation Distribution Indicator or ADL (Accumulation Distribution Line) is a volume based indicator which was essentially designed to measure underlying supply and demand. It accomplishes this by trying to determine whether traders are actually accumulating (buying) or distributing (selling). This is accomplished by plotting a running total of each period’s Money Flow Volume. ADL can reveal divergences between volume flow and actual price to primarily either affirm a current trend or to anticipate a future reversal.
Indicator / Formula
Copy & Paste Friendly
ShortMA:= input("Enter shorter moving average periods",3,10,3);
LongMA:= input("Enter longer moving average periods",10,30,10);
mov( ad(), ShortMA, E) - mov( ad(), LongMA,E);Copy & Paste Friendly
mov(cum((((C-L)-(H-C))/(H-L))*V),3,E)-mov(cum((((C-L)-(H-C))/(H-L))*V),10,E)
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