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Changing Ways
Accumulation/Distribution
MetaStock Indicator
This is the calculation for the first formula: (Todays Change):
Todays close - yesterdays close
Changing Ways Accumulation/Distribution can show divergences against
the instrument.
When compared against volume activity, it can show what impact a day
of high turnover had on the share price for the coming periods. This
is to say that if a day had high volume and there was little
movement in the indicator alongside this, then you can suggest that
all the volume for that day was absorbed into the price and there is
less likelihood of buying/selling pressure in that day taking hold
in the market in future trading days.
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Cum(If(Fml( "Todays Change"
) > Mov(Fml( "Todays Change" ),7,E) AND C > Ref(C,-1),
C + V,
If(Fml( "Todays Change" ) < Mov(Fml( "Todays Change" ),7,E)
AND C < Ref(C,-1),
Neg(C + V) ,0))) |
| Where Fml( "Todays Change" ) = c - ref(c,-1) |
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