Accumulation/Distribution with Moving Averages — Indicator by harsha.imperial

This Acc/Dist Script Lends a Broader Perspective to the Trend of the Indicator . It can be used to compare with the Trend of the Market to Identify Reversals & Confirm Market Trends !

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

study(title="Accumulation/Distribution", shorttitle="Accum/Dist", overlay=false)
ad = cum(close==high and close==low or high==low ? 0 : ((2*close-low-high)/(high-low))*volume)
len1 = input(50, minval=1, title="Length")
len2 = input(200, minval=1, title="Length2")
sma1= sma(ad,len1)
sma2= sma(ad,len2)
plot(ad, title = "Accumulation/Distribution", color=olive)
plot(sma1,color=red)
plot(sma2,color=blue)