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sloughbridge,
Following does give me a value that matches with the internal
indicator. It was posted by someone (Chuck?) in the same thread. If
you plot both internal and this one, do you see different values?
function myAccDist() {
ad = (((C - L) - (H - C)) / (H - L)) * V;
return Cum(ad);
}
So once its normalized by dividing the sum over some periods by sum
of volume over the same periods, what would one consider a "good
value"? I understand you can compare it with another value, but what
I'm struggling with is determining whether the value provides a good
indication of decent acc or dist...
Jitu
--- In amibroker@xxxxxxxxxxxxxxx, "sloughbridge" <sloughbridge@xxxx>
wrote:
> --- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > Found this old thread while doing search on AccDist...
> >
> > Q: Does anyone know how to create a comparable AccDist indicator?
> > I've read that dividing by sum of volume normalizes it, but I'm
not
> > sure how that leads to comparable values.
> >
> > Some sites (I think IBD does this too) produce ranks like A to E
> for
> > AccDist. Anyone has a clue how that's done?
>
> Hey, that thread's not so old :)
>
> But I dropped it when I couldn't resolve the discrepancies.
>
> I would use this:
>
> (C-O)/(H-L)*V
>
> but no matter how many bars I summed over, could not match the
> internal indicator.
>
> To normalize, you would take eg. a 20 bar sum of the above, and
> divide by a 20 bar sum of volume.
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