OPEN-SOURCE SCRIPT
Accum/Dist + 200 EMA
Accumulation / Distribution Indicator with a 200 EMA applied to it.
Helps to identify market trends and especially useful if combined with Pivot Points.
When AD line is above the 200 EMA and price is hovering above the central Pivot, we assume a bullish bias towards R1 and R2 resistance points. And vice-versa.
Helps to identify market trends and especially useful if combined with Pivot Points.
When AD line is above the 200 EMA and price is hovering above the central Pivot, we assume a bullish bias towards R1 and R2 resistance points. And vice-versa.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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