I came across this Youtube video about accumulation distribution – https://www.youtube.com/watch?v=FDOWdR4RE8E
It is very easy to understand as an indicator and I think has merit.
[attachment file=”accumulation distributor.JPG”]
Unfortunately, I’m not real great at writing indicators, I’m more into screeners.
I looked through the library for anything similar and started off with a couple of existing similar types without much luck.
Is there something like this around that is disguised or can someone get me started on how to write such an indicator ?
Thanks mate,
I did see that one but I thought the original I posted was easier to view (no offence Nicholas!!)
Wasn’t sure if the percentage thing was achieving the same variation. And liked the extra horizontal lines as a quick visual.
Will play around with that one and see if I can convert.
Apparently, Lazy Bear from Tradingview started it so I will hunt down the history.
Cheers.
If you have code from another platform, it would be easy for me to translate it for you. Or if you can summarize the video’s explanation, I could also help. Thank you.