ADLine
Accumulation/Distribution Line
Description
The Accumulation/Distribution line was developed by
Marc Chaikin and assesses the cumulative flow of money into and out of a
security. The indicator is similar to OBV and is based on the premise that the
more volume that accompanies a price move, the more significant the price move.
Whereas OBV focuses on the change in price from one period to the next,
Accumulation/Distribution focuses on the price action for a given period.
Category
Price Volume Indicators
Parameters
N ( Default: 20
Min: 1 Max: 1000 )
Chart Script
AD:SUM(((CLOSE-LOW)-(HIGH-CLOSE))/(HIGH-LOW)*VOL,0);
M:MA(AD,N);