AccumDistPrVol

Description

The Accumulation/Distribution Pressure Volume study is used to evaluate strength of the trend by finding divergences between price plot and the indicator itself. It is calculated using the following algorithm:

  • Open price is subtracted from the Close price;
  • The difference is divided by price range;
  • The ratio is multiplied by volume;
  • The final result is equal to cumulative sum of the values found.

The divergence between the price plot and the indicator might indicate trend weakness and subsequent reversal.

Plots

Plot Description
AccDistVolPr The Accumulation/Distribution Pressure Volume plot.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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