OPEN-SOURCE SCRIPT
SADROC
The "Smoothed Accumulation/Distribution Rate of Change" (SADROC) indicator draws inspiration from the Chaikin Oscillator's use of accumulation and distribution, formatted in a manner just like the MACD (Moving Average Convergence Divergence) indicator. My goal was to create something with greater speed and accuracy than the classic MACD
Here's a breakdown of its key elements:
Inputs: Users can customize the indicator by specifying the fast length, slow length, and signal length to fit their preferences.
Calculations: The indicator calculates cumulative volume and then computes the Accumulation/Distribution (AD) value based on price and volume data. The SADROC is calculated as the Rate of Change of the exponential moving averages of the price. The difference between these two values is further smoothed to generate the final SADROC value.
Plotting: The indicator plots the SADROC line and a signal line on the chart. Additionally, it includes a histogram that visually represents the difference between SADROC and the signal line.
Here's a breakdown of its key elements:
Inputs: Users can customize the indicator by specifying the fast length, slow length, and signal length to fit their preferences.
Calculations: The indicator calculates cumulative volume and then computes the Accumulation/Distribution (AD) value based on price and volume data. The SADROC is calculated as the Rate of Change of the exponential moving averages of the price. The difference between these two values is further smoothed to generate the final SADROC value.
Plotting: The indicator plots the SADROC line and a signal line on the chart. Additionally, it includes a histogram that visually represents the difference between SADROC and the signal line.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
KP
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
KP
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.