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jadeja_rajdeep

Accumulation & Distribution - Simple

jadeja_rajdeep Updated   
Volume accumulation distribution
55
2
volumestudies accumulation distribution
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.
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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