Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2015.01.22 12:14
Indicators

Williams_Accumulation_Distribution - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
1154
Rating:
votes: 17

Real author:

MetaQuotes

Larry Williams' Accumulation/Distribution, or W_A/D, is an accumulated sum of "accumulative" and "distributive" price movements. The term accumulation is used for indication of a market controlled by buyers, and "distribution" means a market controlled by sellers.

Thus, if the current closing price is higher than the previous one, W_A/D increases by the difference of the current closing price and the true minimum. But if the current closing price is lower than the previous one, W_A/D decreases by the difference of the current closing price and the true minimum.

Williams recommends using following discrepancies as trading signals of this indicator:

  • Share is distributing if the price reaches new maximum, and Accumulation/Distribution Indicator cannot reach new maximum. This is a signal for selling;
  • Share is accumulating if the price reaches new minimum, and Accumulation/Distribution Indicator cannot reach new minimum. This is a signal for buying.

This indicator was first implemented in MQL4 and published in CodeBase on February 12, 2007.

Fig.1. Williams_Accumulation_Distribution Indicator

Fig.1. Williams_Accumulation_Distribution Indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2416

i-AMMA_HTF i-AMMA_HTF

The i-AMMA indicator with the timeframe selection option available in input parameters.

i-FractalsEx i-FractalsEx

The indicator draws fractals with the bar number indication option available for determining a fractal in input parameters.

Williams_Accumulation_Distribution_HTF Williams_Accumulation_Distribution_HTF

The Williams_Accumulation_Distribution indicator with the timeframe selection option available in input parameters.

XPVT_HTF XPVT_HTF

The XPVT indicator with the timeframe selection option available in input parameters.