PROTECTED SOURCE SCRIPT

Volume strength with Accumulation Distribution

13 850
in Cycle of understanding psychology behind candle formation, i posted my script which is intended to determine the buying and selling pressure with candle wicks.

Buying & Selling Pressure


Idea behind wicks was although buyer and seller tried to make price high and low but it did not sustain indicating weakness in strength.


in this script i have tried to see the volume along with candle formation and structure. i tried to measure and derive volume information with body length of candle. Also plotted Williams Accumulation distribution to understand real trend ( Demand( Accumulation ) vs Supply ( Distribution ) )

Once can see difference in Usual volume indicator and information derived from this custom indicator with combination of WAD.

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