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);