PROTECTED SOURCE SCRIPT
Volume strength with Accumulation Distribution
in Cycle of understanding psychology behind candle formation, i posted my script which is intended to determine the buying and selling pressure with candle wicks.
Idea behind wicks was although buyer and seller tried to make price high and low but it did not sustain indicating weakness in strength.
in this script i have tried to see the volume along with candle formation and structure. i tried to measure and derive volume information with body length of candle. Also plotted Williams Accumulation distribution to understand real trend ( Demand( Accumulation ) vs Supply ( Distribution ) )
Once can see difference in Usual volume indicator and information derived from this custom indicator with combination of WAD.
Idea behind wicks was although buyer and seller tried to make price high and low but it did not sustain indicating weakness in strength.
in this script i have tried to see the volume along with candle formation and structure. i tried to measure and derive volume information with body length of candle. Also plotted Williams Accumulation distribution to understand real trend ( Demand( Accumulation ) vs Supply ( Distribution ) )
Once can see difference in Usual volume indicator and information derived from this custom indicator with combination of WAD.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.