OPEN-SOURCE SCRIPT
Gap-Aware Accumulation/Distribution (Fixed)
The traditional A/D indicator doesn't take into account the gap ups and downs but just where the price closed relative to the high/low. This can cause A/D line to move downwards if gap up happened but price closed closer to the low. Ideally this should be considered up volume as bulls raised the price up causing the gap up. Hence, changed the traditional A/D indicator to make it gap aware.
Open-source script
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.
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.
Open-source script
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.
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.