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Capeya

Accumulation & Distribution

Capeya Updated   
Volume
30
1
volumestudies
It displays:
- Up candles on greater volume than precedent or greater volume than average.
- Down candles on greater volume than precedent or greater volume than average.

You can set the average to your likelihood.
Change the colors as well and the symbols.

Usually Accumulation & Distribution is only about greater than average volume,
But I like to see those bar on greater volume than preceding volume.
Release Notes:
Added a price volume average filter. Same length as volume filter.
Release Notes:
Added a 3rd color corresponding to a threshold.
1st color: Up or Down below volume average
2nd color: Up or Down above volume average
3rd color: Up or Down above volume threshold.
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

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.

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