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https://github.com/mihakralj/QuanTAlib.git
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Miha Kralj
24e86d762a
- Updated BBWN, BBWP, CCV, CV, CVI, EWMA, GKV, HLV, HV, Jvolty, JVOLTYN, MASSI, NATR, RSV, RV, RVI, TR, UI, VOV, VR, YZV indicators with documentation links. - Added documentation links for Aberration, Acceleration Bands, Andrews' Pitchfork, Adaptive Price Zone, ATR Bands, Bollinger Bands, Center of Gravity, Donchian Channels, Decay Min-Max Channel, Detrended Synthetic Price, EACP, EBSW, HOMOD, Jurik Volatility Bands, Keltner Channel, MA Envelope, Min-Max Channel, Price Channel, Regression Channels, Standard Deviation Channel, Stoller Average Range Channel, Super Trend Bands, Ultimate Bands, Ultimate Channel, VWAP Bands, and VWAP with Standard Deviation Bands.
29 lines
1.2 KiB
Plaintext
29 lines
1.2 KiB
Plaintext
// The MIT License (MIT)
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// © mihakralj
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//@version=6
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indicator("Accumulation/Distribution Line (ADL)", "ADL", overlay=false)
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//@function Calculates the Accumulation/Distribution Line (ADL), a volume-based indicator that measures money flow into and out of a security
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//@param src_high The high price (default: built-in high)
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//@param src_low The low price (default: built-in low)
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//@param src_close The close price (default: built-in close)
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//@param src_vol The volume (default: built-in volume)
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//@returns The cumulative ADL value representing buying/selling pressure
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adl(src_high = high, src_low = low, src_close = close, src_vol = volume) =>
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float mfm = 0.0
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if not na(src_high) and not na(src_low) and not na(src_close)
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mfm := (src_close - src_low) - (src_high - src_close)
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mfm := src_high != src_low ? mfm / (src_high - src_low) : 0.0
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float mfv = na(src_vol) ? 0.0 : src_vol * mfm
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var float cumulativeSum = 0.0
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cumulativeSum := na(mfv) ? cumulativeSum : cumulativeSum + mfv
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cumulativeSum
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// ---------- Inputs ----------
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// ---------- Calculations ----------
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adl_val = adl(high, low, close, volume)
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// ---------- Plotting ----------
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plot(adl_val, "ADL", color=color.yellow, linewidth=2)
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