Rank: Newbie
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Joined: 11/28/2005(UTC)
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Hello,
Need help in building an indicator that shows volume acc / dist in conjuction with the price movement. i.e even while the price of a stock is falling, but if the volume is getting accumulated, how do we know that ?
Please help me ! I am looking for a formula to build an indicator.
Please help. :?
Thanks
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 3/19/2005(UTC)
Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Hello Sampath-
Welcome to the forum!
Sounds like you're looking for one of the Chaikin indicators: 1) A/D, 2) Money flow, or 3) Oscillator. No need to recreate the wheel.
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