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Accumulation Distribution Slope Descending Price Slope Ascending

! Accumulation/Distribution is a single value indicator that weighs buyer
! dominated volume (accumulation) against seller dominated volume (distribution).
! It is computed as a running total of weighted volume. A weighting factor derived
! from price action is applied to the day’s volume and the result is added to the
! accumulated total. The weighting factor, which ranges in value between +1 and -1,
! is a measure of accumulation and distribution pressures.
! When charting the Accumulation/Distribution indicator, look for divergences
! and nonconformations. Divergences occur when the trend of price action and
! the trend of the indicator are in opposite directions.
! The rule below will look for divergence between price going up while
! Accumulation/Distribution is going down over the last 21 days trading



! AccmDis slope descending price slope ascending
ACMDISdnPRICEup if SLOPE([AcmDis],21)<0 and SLOPE([close],21)>0.

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Accumulation Distribution Slope Ascending Price Slope Descending

! Accumulation/Distribution is a single value indicator that weighs buyer
! dominated volume (accumulation) against seller dominated volume (distribution).
! It is computed as a running total of weighted volume. A weighting factor derived
! from price action is applied to the day’s volume and the result is added to the
! accumulated total. The weighting factor, which ranges in value between +1 and -1,
! is a measure of accumulation and distribution pressures.
! When charting the Accumulation/Distribution indicator, look for divergences
! and nonconformations. Divergences occur when the trend of price action and
! the trend of the indicator are in opposite directions.
! The rule below will look for divergence between price going down while
! Accumulation/Distribution is going up over the last 21 days trading

! AccmDis slope ascending price slope descending
ACMDISupPRICEdn if SLOPE([AcmDis],21)>0 and SLOPE([close],21)<0.

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Price new high not confirmed by high in AcmDis

! Price new high not confirmed by high in AcmDis
!This is a nonconformation and it occurs when price action achieves a new high that is not matched by an equivalent high by the indicator
AcmDisHInon if HiVal([close],45)=[close] and HiVal([AcmDis],45)>[AcmDis].

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Price new low not confirmed by low in AcmDis

! Price new low not confirmed by low in AcmDis
!This is a nonconformation and it occurs when price action achieves a new low that is not matched by an equivalent low by the indicator

AcmDisLOnon if Loval([close],45)=[close] and LoVal([AcmDis],45)<[AcmDis].

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