Accumulation/Distribution with Moving Averages
This Acc/Dist Script Lends a Broader Perspective to the Trend of the Indicator . It can be used to compare with the Trend of the Market to Identify Reversals & Confirm Market Trends !
study(title="Accumulation/Distribution", shorttitle="Accum/Dist", overlay=false) ad = cum(close==high and close==low or high==low ? 0 : ((2*close-low-high)/(high-low))*volume) len1 = input(50, minval=1, title="Length") len2 = input(200, minval=1, title="Length2") sma1= sma(ad,len1) sma2= sma(ad,len2) plot(ad, title = "Accumulation/Distribution", color=olive) plot(sma1,color=red) plot(sma2,color=blue)