OPEN-SOURCE SCRIPT
Updated Accumulation & Distribution
It displays:
- Up candles on greater volume than precedent or greater volume than average.
- Down candles on greater volume than precedent or greater volume than average.
You can set the average to your likelihood.
Change the colors as well and the symbols.
Usually Accumulation & Distribution is only about greater than average volume,
But I like to see those bar on greater volume than preceding volume.
- Up candles on greater volume than precedent or greater volume than average.
- Down candles on greater volume than precedent or greater volume than average.
You can set the average to your likelihood.
Change the colors as well and the symbols.
Usually Accumulation & Distribution is only about greater than average volume,
But I like to see those bar on greater volume than preceding volume.
Release Notes
Added a price volume average filter. Same length as volume filter. Release Notes
Added a 3rd color corresponding to a threshold. 1st color: Up or Down below volume average
2nd color: Up or Down above volume average
3rd color: Up or Down above volume threshold.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.