ParCorn

A/D Levels

uses reversal candles to determine accumulation and distribution candles

remembers the last reversal candle and draws a support or resistance line at the reversal level

does a barcolor if the price breaks support/resistance

similar to the hoffman a/d breakout indicator but there is no trend detection components
Open-source Skript

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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