ChrisMoody

Example of Basic Indicator, & How to Code Advanced Features!!!

FX:XAUUSD   Guld / USA-dollar
29
Description of Williams Accumulation Distribution

Williams AD is a running sum of positive accumulation values (buying pressure)
and negative distribution values (selling pressure),
as determined by price's location within a given day's true range.

To calculate the Williams' Accumulation/Distribution indicator, determine:

True Range High (TRH) = Yesterday's close or today's high whichever is greater
True Range Low (TRL) = Yesterday's close or today's low whichever is less

The day's accumulation/distribution is then calculated
by comparing today's closing price to yesterday's closing price.

If today's close is greater than yesterday's close: Today's A/D = today's close - TRL
If today's close is less than yesterday's close: Today's A/D = today's close - TRH
If today's close is the same as yesterday's close then the A/D is zero.

The Williams' Accumulation/Distribution indicator is a cumulative total of the daily values:

Williams A/D = Today's A/D + Yesterday's Williams A/D

Williams states it's worth selling if the price makes a new high
and the indicator fails to follow suit. As well,
it's better to purchase if prices fall to a new bottom
yet the A/D indicator fails to reach a new low.

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