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Accumulation / Distribution
The interpretation of the Accumulation/Distribution Line is similar tothe interpretation
of On Balance Volume wherein the indicator displays the flow ofvolume into or out of a security. The discussion on the Chaikin Oscillator (see Chaikin A/D Oscillator) explains the principles behind the Accumulation/Distribution Line.

Please don't confuse the volume Accumulation/Distribution indicator with Williams' price Accumulation/Distribution indicator.

An example custom indicator shows how to calculate the Accumulation/Distribution line.

The Chaikin Oscillator can reference the predefined Accumulation/Distribution indicator using the ad() function as shown below.


Accumulation/Distribution

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);

 

e-w-Accumulation_Distributio1.gif
 
Or, it can include the actual Accumulation/Distribution formula as shown below.

 


Actual Accumulation/Distribution

mov(cum((((C-L)-(H-C))/(H-L))*V),3,E)-mov(cum((((C-L)-(H-C))/(H-L))*V),10,E)

 

e-w-Accumulation_Distributio2.gif
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