PROTECTED SOURCE SCRIPT
Updated Accumulation/Distribution with color coding for momentum traders
The Accumulation Distribution (Acc/Dist) Line is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. Chartists can use this indicator to affirm a security's underlying trend or anticipate reversals when the indicator diverges from the security price. Unfortunately, it is not easy to interpret its data from the TradingView mobile app. So, I used (1) channel, (2) moving averages, and (3) the Elder Impulse technique to color the Acc/Dist to help me see the correlation between the price actions and their volumes on the mobile app.
Release Notes
I changed its study's title to avoid the confusion with the TV built-in one.Release Notes
I added Bollinger band to analyze Accumulation/Distribution for volume squeeze, in addition to channel, moving averages, and Elder Impulse for analyses of this Acc/Dist.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.