MastersOfTrading

MoT - [Analyst] - Acc/Dist with SMA

**THE INDICATOR**

This is an Accumulation/Distribution indicator that includes a simple moving average which helps identify trends with the addition of the signal line being coloured dependant upon being either Bullish or Bearish (above/below the signal line).


**THE CHART**

AUDNZD on the 4HR Time Frame


**ON THE CHART INDICATORS**

- In the Top Panel we have this indicator our version of Accumulation and Distribution with an SMA added to Identify a trend in ACC / DIST a little easier and earlier.

- On the Chart we have the Chart version of the Berlin Range Index which changes the Candle Colour to match the conditions of the indicator.

- Below the chart we have our panel version of the Berlin Range Index.

- In the Bottom Panel we have our action locator tool which is also extremely powerful at identifying ranging markets and trends.

**MASTERS OF TRADING**

Many Thanks and Trade Safe!

Open-source script

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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