Description
The Swami Accumulation/Distribution study is a technical indicator designed for Thermo Mode; it measures net money flow into and out of the market. Like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.
In default color scheme, accumulation areas are painted green, and distribution areas are shown as red. Swami Accumulation/Distribution algorithm involves calculation of the average difference between Close and Open prices multiplied by volume.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the average. |
Plots
| Plot | Description |
|---|---|
Aurora
|
The Swami Accumulation/Distribution plot used in Thermo Mode. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.