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jadeja_rajdeep
Jun 14, 2023 7:13 AM

Accumulation & Distribution - Simple 

GREENPANEL INDUSTRIES LTDNSE

Description

This script is calculate volume weighted % change difference between up days and down days.

up days consider when price closed above (high+low+close)/3

down days consider when price closed below (high+low+close)/3

then this cumulative difference % is displayed using histogram with 2 ema.

this script is not provide the any trading signal but its help you to identify the power of buying or selling.

Release Notes

Added resistance level using the script and displayed as label.
Comments
Shivamuktha
Kaise use kare ye indicator
jadeja_rajdeep
@Shivamuktha, its used to determine if stock is above its previous accumulation last point or not.
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