StockFetcher Forums · Indicators and Measures · Williams Accumulation/Distribution<< >>Post Follow-up
stockfetcher
963 posts
msg #76455
3/11/2006 8:13:54 AM

Williams Accumulation/Distribution

Parameters: None
Usage williams accumulation distribution
Description Developed by Larry Williams, the Williams' Accumulation/ Distribution indicator is used to define if the marketplace is controlled by sellers (distribution) or by buyers (accumulation) and trading when there is discrepancy between the A/D indicator and price. The formula is defined in Technical Analysis A-Z is:
wmax = max(high,close 1 day ago)
wmin = min(low, close 1 day ago)
if (close > close 1 day ago)
 wval = close - wmin;
else if (close < close 1 day ago) 
 wval = close - wmax
else 
 wval = 0


Williams Accumulation Distribution =
 Williams Accumulation Distribution 1 day ago + wval


Note: some sources multiply wval by the volume. StockFetcher does not include this step and only implements the formula as described by Steven Achelis in Technical Analysis A-Z.
Examples
Fetcher[ close > 10 and williams accumulation distribution increasing for the last 3 days ]


Fetcher[ close > 10 and williams accumulation distribution reached a new 3 month high ]

Note: Given the cumulative nature of this indicator, only the shape/direction of this indicator is of significance.



StockFetcher Forums · Indicators and Measures · Williams Accumulation/Distribution<< >>Post Follow-up

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