Join our fan page
- Views:
- 38588
- Rating:
- Published:
- 2008.02.16 08:51
- Updated:
- 2022.01.24 09:19
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Williams' Accumulation/Distribution, W_A/D is the accumulated sum of positive "accumulative" price movements and negative "distributive" ones. The term "accumulation" is used to denote the market controlled by buyers, "distribution" denotes that the market is controlled by sellers.
Thus, if the current closing price is higher than the previous one, W_A/D is enlarged by the difference between the current closing price and the true minimum. If the current closing price is less than the previous, W_A/D is diminished by the difference between the current closing price and the true maximum.
As trade signals of this indicator, Williams recommends using divergences:
-
when price reaches a new maximum and W_A/D cannot reach the new maximum, it means the security distribution takes place. This is a signal to sell;
-
when prices reaches a new minimum and W_A/D cannot reach the new minimum, it means the security accumulation takes place. This is a signal to buy.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7064

Ultimate oscillator offered by Larry Williams is a weighted average of values of three stochastic indicators defined on a short, medium and long periods.

simple EA Works well on 1Min EURUSD

The indicator is equivalent of one of the oldest classical indicators, ROC. The prices are replaced with volumes in this present indicator.

The Mass Index is intended for detection of trend turns based on changes in the bandwidth between the maximal and the minimal price. If the bandwidth expands, the Mass Index increases, if it narrows, the index decreases.