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# WAD: Williams Accumulation/Distribution
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| Property | Value |
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| ---------------- | -------------------------------- |
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| **Category** | Volume |
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| **Inputs** | OHLCV bar (TBar) |
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| **Parameters** | None |
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| **Outputs** | Single series (WAD) |
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| **Output range** | Unbounded |
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| **Warmup** | 1 bar |
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### TL;DR
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- Williams Accumulation/Distribution (WAD) is Larry Williams' contribution to the volume analysis toolkit.
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- No configurable parameters; computation is stateless per bar.
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- Output range: Unbounded.
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- Requires 1 bar of warmup before first valid output (IsHot = true).
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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> "Volume is the fuel that drives price." — Larry Williams
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Williams Accumulation/Distribution (WAD) is Larry Williams' contribution to the volume analysis toolkit. Unlike the standard Accumulation/Distribution Line that uses the close's position within the day's range, WAD incorporates **True Range** concepts. This gives it a different perspective on buying and selling pressure.
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## References
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- Williams, L. (1979). "How I Made One Million Dollars... Last Year... Trading Commodities." Windsor Books.
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- https://school.stockcharts.com/doku.php?id=technical_indicators:williams_ad
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- https://school.stockcharts.com/doku.php?id=technical_indicators:williams_ad
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