Accumulation/Distribution Money Flow [Cyrus c|:D]

Jul 2, 2018

This indicator should be more accurate than other indicators in its class (including MFI, CMF, ADL, and OBV) for measuring buy/sell pressure, identifying trend change through divergence and calculating Accumulation/Distribution (A/D) level (I will explain why in a separate TA).

This indicator is based on my previous indicator "Accumulation/Distribution Volume". It does not include the volume bars. The volume effect is adjustable as well.

Application:
- Buy/sell pressure: above 0 shows buy pressure, below 0 shows sell pressure.
- Divergence: as shown in the chart above, this indicator diverged from BTC price during swing lows and highs in the shown period.
- Accumulation/distribution: set Aggregation=Sum, Volume Exponent=10 and uncheck Price Factor.

Recommendations:
- Never use SMA
- Use larger length EMA for confirmation of divergence or buy/sell pressure (EMA 27 is equal to RMA 14 which is used in RSI).
. A/D mode is not recommended for hidden divergence.

My Setup:
- I use one instances of this indicator with default settings for buy/sell pressure
- A second instance for A/D level overlaid on the main chart
- One instance of "Accumulation/Distribution Volume" as a replacement for volume indicator



This indicator can also replicate Accumulation/Distribution Line (improved by True Range), On Balance Volume, and Price Volume Trend. Read more details on the description of the previous indicator:

I strongly recommend reading about similar indicators for potential uses e.g. tradingview.com/wiki/Money_Flow_(MFI) and tradingview.com/wiki/Price_Volume_Trend_(PVT)

I will publish a TA about correctly measuring divergence and using these indicators.

Please report any problems you find in the comments.

Jul 3, 2018

Release Notes

Volume exponent is replaced by a binary enable/disable option. The reason was that for some instruments that have volume below 1 unit, it has a heightening effect which could lead to confusion. I personally am using the older version with adjustable volume exponent. Previous version is available at pastebin.com/JPWvDKCU

PS: Here is a more clarification about my suggestion re not using SMA

Jul 21, 2018

Release Notes

- Simplified the indicator by removing replication of other indicators. Use ADV indicator if you want all the geeky features
- Using Smoothed MA (same as the MA used in RSI)

For range-bound version of this indicator, check out my ADP indicator here which also includes this indicator:

Previous version is available in Pine script version system and here pastebin.com/raw/LFBkyfZb

Jul 26, 2018

Release Notes

- Code optimization
- Minor change in the way price is factored

Jul 26, 2018

Release Notes

Sep 15, 2018

Release Notes

- minor change in input settings
- minor change in the way price is factored in

Nov 6, 2018

Release Notes

here is a TL;DR list of my indicators

Ultimate Money Flow add a lot of features to ADMF. ADMF will not be updated anymore.