Williams Accumulation/Distribution (Williams AD) Strategy
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Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
WARNING:
- This script to change bars colors.
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
WARNING:
- This script to change bars colors.
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BTC: 3FKWwtaYrf5NHZzaCi1fyAfQj7XSgtyCqe
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coondawg71
Thanks for the addition. I was looking for this very tool today. Due to the choppiness of the readings, I found adding a moving average of the AD was very useful.
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HPotter
coondawg71
@coondawg71, You are welcome. Maybe I make it in the next post.
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