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.

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.

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