ChrisMoody

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

FX:XAUUSD   Or / Dollar Américain
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.

CODES BELOW

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.