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Accumulation/Distribution Indicator?
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Accumulation/Distribution Indicator?

  #1 (permalink)
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Accumulation/Distribution Indicator?

Does anyone know where I can get a simple accumulation/distribution histogram bar indicator. I have looked on the site and I can't seem to find one. For Ninja 7.
Thanks Hector


Last edited by hector24; June 28th, 2011 at 11:57 PM. Reason: forgot charting platform
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  #2 (permalink)
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hector24 View Post
Does anyone know where I can get a simple accumulation/distribution histogram bar indicator. I have looked on the site and I can't seem to find one. For Ninja 7.
Thanks Hector

Have you tried Chaikin https://futures.io/elite-group-trading-methods/1261-want-your-ninjatrader-indicator-created-free-78.html

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Which one do you look for?

Answer
This post has been selected as an answer to the original posters question Answer


There are two different Accumulation/Distribution indicators, one by Larry Williams, which is called Williams Accumulation/Distribution and the standard Accumulation/Distribution Index by Marc Chaikin.


Williams Accumulation/Distribution

The Williams Accumuilation/Distribution indicator does not take into account trading volume. If today's close is higher than yesterday's close it adds an amount equivalent to [today's close - today's true range low], if today's close is lower than yesterday's close, it subtracts an amount equivalent to [today's true range high - today's close].


Accumulation/Distribution Index by Marc Chaikin

This indicator calculates the money flow as [ volume * (2*close - high - low)/(high-low)]. If you add the money flow to yesterday's value for the accumulation/distribution index you obtain today's value.


Chaikin Money Flow Index

It is a normalized version of the Accumulation/Distribution Index. It is obtained by adding up the accumulation/distribution figures over a specified period and dividing it by the total volume. The Chaikin Money Flow Index is a NinjaTrader default indicator.


Chaikin Oscillator

The Chaikin oscillator is obtained by deducting a 10 period EMA from a 3 period EMA of the accumulation/distribution index. The Chaikin Oscillator is a NinjaTrader default indicator.


The Chaikin Money Flow Index or the Chaikin Oscillator are probably better choices than the standard Accumulation/Distribution indicators.

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Thanks FatTails,
I am going to use what you suggested the Chaikin Money Flow.

Thanks
Hector

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Williams accumulation distribution

I am looking for a Williams accumulation distribution indicator that I can change the period. I have found a few variations with volume and with ZLEMA, but I am just looking for the basic indicator. Can anyone help?

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kburks View Post
I am looking for a Williams accumulation distribution indicator that I can change the period. I have found a few variations with volume and with ZLEMA, but I am just looking for the basic indicator. Can anyone help?


The basic indicator does not have a setting for a period. It just accumulates the daily price moves multiplied with volume.


To calculate Williams Accumulation Distribution:

1. Calculate the true range high and true range low:

true range high is the greater of:

- high [today], and
- closing price [yesterday]

true range low is the lesser of:

low [today]
closing price [yesterday]

2. Compare today's closing price to yesterday's closing price:

if close [today] is greater than close [yesterday]
price move [today] = close [today] -true range lLow
if close [today] is less than close [yesterday]
price move [today] = close [today] - true range high
If close [today] equals close [yesterday]
price move [today] = zero

3. Multiply the price move by volume:
AD [today] = price move [today] * volume [today]

4. Calculate the cumulative total:
Williams AD = AD [today] + Williams AD [yesterday]


In the book by Steven Achelis Technical Analysis A-Z, the volume factor is omitted.


Modifying the Williams AD:

You can modify the indicator by replacing the summing up with a moving average. This is the solution adopted for the ZLEMA version of the Williams AD in the download section. It comes with a period setting for the moving average. The ZLEMA version also does not take into account volume.

If you wish a version that comes with a period, you can take that ZLEMA version and eventually modify it:

-> replace the ZLEMA with a SMA (if you are allergic to ZLEMAs)
-> add volume into the equation (if you want to stay close to the original)

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Larry Williams Accumulation Distribution with ZLEMA

Is there a version of this indicator ( Larry Williams Accumulation Distribution with ZLEMA ) on Ninjatrader 8 ?

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