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Williams Accumulation / Distribution Indicator

This indicator is similar in nature to Accumulation/Distribution except for the fact that it's based on true range values instead of simply OHLC.  Also, the traditional Accumulation/Distribution factors volume into the calculation, where the Williams's version does not.  Williams recommends paying attention to this indicator in the following situations:

When there is a bullish divergence between the indicator and the price of the asset, this may be interpreted as a signal to go long.  If there is a bearish divergence between the indicator and the price of the asset, this may be interpreted as a signal to go short.

See Also

Williams Accumulation / Distribution Developer Help

Accumulation / Distribution