Williams_Accumulation_Distribution - MetaTrader 5 script
Larry Williams' Accumulation/Distribution, or W_A/D, is the cumulative sum of the "accumulation" and "distribution" price changes. The term accumulation is used to refer to a market controlled by buyers, while "distribution" refers to a market controlled by sellers.
Therefore, if the current close is higher than the previous close, W_A/D increases the difference between the current close and the true minimum. But if the current closing price is lower than the previous closing price, W_A/D will reduce the difference between the current closing price and the true lowest price.
The indicator was first implemented in MQL4 and released in the code base on February 12, 2007.
Figure 1. Williams_Accumulation_Distribution indicator
Attachment download
📎 williams_accumulation_distribution.mq5 (4.74 KB)
Source: MQL5 #2416
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