This indicator standardizes price inputs using z-score normalization before calculating a relative strength index (RSI). It generates trade signals when standardized price components cross over or under the standardized RSI feature. Signals can be filtered by
Indicator · Pine Script v4 · Own pane
Accumulation/Distribution
A single file that bundles several standard TradingView indicators as reference snippets.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code375
Settings24inputs
LicenceNone stated
Last update6 years ago21 May 2020
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
The first plots Accumulation/Distribution, a cumulative volume line, in a separate pane. Later sections include ADX, ATR with selectable smoothing, Bollinger Percent B, Hull moving average, a conditional colour example, Cumulative Volume Index by exchange, an Ichimoku cloud and a regression channel with deviation bands. Several study declarations are pasted together, so each section is meant to be copied out and used on its own.
- Accumulation/Distribution line
- ADX, ATR and Bollinger Percent B
- Hull moving average and Ichimoku settings
- Cumulative Volume Index by exchange
Details
Published by
digasic on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volume, Volatility & bands, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ADX Smoothing | int | 14 | adxlen |
| DI Length | int | 14 | dilen |
| Length | int | 14 | length |
| Smoothing | string | RMA | smoothing |
| length | int | 20 | length |
| Source | source | close | src |
| mult | float | 2.0 | mult |
| length | int | 9 | length |
| Source | source | close | src |
| Exchange | string | NYSE | exch |
| Conversion Line Periods | int | 9 | conversionPeriods |
| Base Line Periods | int | 26 | basePeriods |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lagging Span 2 Periods | int | 52 | laggingSpan2Periods |
| Displacement | int | 26 | displacement |
| Deviation (%) | float | 5 | dev_threshold |
| Depth | int | 10 | depth |
| Upper Deviation | int | 2 | upperMult |
| Lower Deviation | int | -2 | lowerMult |
| Use Upper Deviation | bool | true | useUpperDev |
| Use Lower Deviation | bool | true | useLowerDev |
| Show Pearson's R | bool | true | showPearson |
| Extend Lines | bool | false | extendLines |
| Count | int | 100 | len |
| Source | source | close | src |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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