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Miha Kralj
29 lines
1.2 KiB
Plaintext
29 lines
1.2 KiB
Plaintext
// Licensed under the Apache License, Version 2.0
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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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