Accumulation is a term used to describe a market controlled by buyers; whereas distribution is defined by a market controlled by sellers. Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making a new low and the A/D indicator is failing to make a new low. Buy.
You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
great indicator! thanks for adding - you know what would be helpful, if u added a second moving average and maybe give the choice to either be an SMA or EMA - you're the only one w a moving average on the Williams AD
rkmma
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Thanks, does anyone know if it's possible alerts to the long and shorts?
420snoop
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one of the OG masters of coding on TV; I've learned much from reading your code over the years... thanks!