Accumulation/Distribution Volume (ADV) [cI8DH]

2018年7月23日

This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other indicators, ADL, ADP and ADMF.

- The volume bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total volume (what you see on a regular volume indicator).


When money volume is enabled, volume is multiplied by price. As you can see in the chart below, trade volume in terms of USD was growing over the past years.


- Blue line is the moving average of A/D and the orange line is for total volume. When "Baseline Chart" option is enabled, this moving average is identical to ADMF indicator which can be a powerful indicator for assessing buy/sell pressure as well as money flow and volume divergences. You can turn off volume bars (from style menu) for better visibility or you can use the below indicators.

Please note that ADMF is now available as a part of ADP indicator as well and I recommend using the latter since ADP can also replace CMF and MFI indicators.

- If you change the aggregation to cumulative (while having money volume disabled), the gray line becomes identical to On Balance Volume (OBV) and the blue line identical to my ADL indicator. The latter I would argue is more accurate than Chaikin's ADL, William's A/D and OBV.

2018年7月26日

版本注释

minor change in the way price is factored

2018年8月6日

版本注释

- a minor change in input

2018年9月15日

版本注释

- fixed MA's displaying below the columns
- added height option for overlaying on the main chart
Note: When overlaid on the main chart, you may see a gap below the indicator. I could fix this issue by setting the bottom margin to 0 on the "settings>scale" menu before adding the indicator and then setting the indicator scale to screen. You can set the bottom margin to a desired value afterwards. Alternatively, you can scale the indicator to the left and adjust the left scale. Don't forget to set the height in the indicator settings.

2018年10月17日

版本注释

- hides volume in cumulative mode
- some other minor improvements

2018年10月30日

版本注释

minor update

2018年10月30日

版本注释

- just changed the graphics to daily TF

2018年11月6日

版本注释

here is a video tutorial showing how u can add this indicator to the main chart area