OPEN-SOURCE SCRIPT
Accumulation/Distribution
Accumulation/Distribution explains when the big players buy or sell, according to Wyckoff.
I added some colors to make it more visibly, to get a hint when (not) to invest.
A/D is a lagging indicator.
When the MA is above A/D line, this should reflect distribution time, and big players are selling.
The oppsite is when MA is below the A/D line, then this should be an accumulation phase, and big players are buying.
For example, my preference is a TEMA20 for crypto, this gives me good results.
But I added a bunch of moving averages to choose from.
Depending on preferences/marked you can choose a moving average, set its length, and you can choose all the colors too.
I recommend the Volume indicator to setup the MA line, and this will get much better results!
I hope this script will help some people to do some better decisions.
And I am pleased to get some advice to make this script even better!
There is only one similar-sounding script in the public section.
Kudos go to jbneto with his Accum/ Dist + 200 EMA which gave me the inspiration.
It has a EMA200, and its focus is on the daily pivot price.
I added some colors to make it more visibly, to get a hint when (not) to invest.
A/D is a lagging indicator.
When the MA is above A/D line, this should reflect distribution time, and big players are selling.
The oppsite is when MA is below the A/D line, then this should be an accumulation phase, and big players are buying.
For example, my preference is a TEMA20 for crypto, this gives me good results.
But I added a bunch of moving averages to choose from.
Depending on preferences/marked you can choose a moving average, set its length, and you can choose all the colors too.
I recommend the Volume indicator to setup the MA line, and this will get much better results!
I hope this script will help some people to do some better decisions.
And I am pleased to get some advice to make this script even better!
There is only one similar-sounding script in the public section.
Kudos go to jbneto with his Accum/ Dist + 200 EMA which gave me the inspiration.
It has a EMA200, and its focus is on the daily pivot price.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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