by 
Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v5 · Own pane
Accumulation/Distribution
This indicator calculates the classic Accumulation/Distribution line and plots it in a separate pane.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code8
Settings0inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
8 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Accumlation-Distribution.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator(title="Accumulation/Distribution", shorttitle="Accum/Dist", format=format.volume, overlay=false, timeframe="", timeframe_gaps=true)
var cumVol = 0.
cumVol += nz(volume)
if barstate.islast and cumVol == 0
runtime.error("No volume is provided by the data vendor.")
ad = ta.cum(close==high and close==low or high==low ? 0 : ((2*close-low-high)/(high-low))*volume)
plot(ad, title = "Accumulation/Distribution", color=#999915)
Overview
On each bar it multiplies volume by the close location inside the high-low range, then adds that value to a running total. Bars where the high equals the low, or where the close equals both the high and the low, contribute zero. If the last bar shows no cumulative volume, the script raises a runtime error stating that the data vendor provides no volume. There are no inputs, signals, or trade rules.
- Cumulative accumulation and distribution line
- Volume weighted by close location
- Zero contribution on flat bars
- Runtime error when volume is missing
- Separate pane volume-format plot
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volume
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.
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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