NexusFi: Find Your Edge


Home Menu

 





Accumulation/Distribution Indicator?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Fat Tails with 2 posts (19 thanks)
    2. looks_two hector24 with 2 posts (0 thanks)
    3. looks_3 adnen messaoudi with 1 posts (0 thanks)
    4. looks_4 redratsal with 1 posts (0 thanks)
    1. trending_up 10,241 views
    2. thumb_up 19 thanks given
    3. group 6 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread

Accumulation/Distribution Indicator?

  #1 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
Posts: 506 since Jan 2011
Thanks Given: 14
Thanks Received: 234

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

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Better Renko Gaps
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
 

  #2 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


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

Visit my NexusFi Trade Journal Reply With Quote
  #3 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


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.

Reply With Quote
  #4 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
Posts: 506 since Jan 2011
Thanks Given: 14
Thanks Received: 234

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

Thanks
Hector

Started this thread Reply With Quote
  #5 (permalink)
 
kburks's Avatar
 kburks 
Boynton Beach
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES,TF,CL
Posts: 203 since Mar 2012
Thanks Given: 327
Thanks Received: 146

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?

Reply With Quote
  #6 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


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)

Reply With Quote
Thanked by:
  #7 (permalink)
adnen messaoudi
Tunisia
 
Posts: 2 since Apr 2016
Thanks Given: 10
Thanks Received: 0

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

Reply With Quote





Last Updated on March 28, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts