Accumulation Distribution Line (ADL) free
by Developed by Marc Chaikin, the Accumulation Distribution Line is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. Chaikin originally referred to the indicator as the Cumulative Money Flow Line. As with cumulative indicators, the Accumulation Distribution Line is a running total of each period's Money Flow Volume. First, a multiplier is calculated based on the relationship of the close to the high-low range. Second, the Money Flow Multiplier is multiplied by the period's volume to come up with a Money Flow Volume. A running total of the Money Flow Volume forms the Accumulation Distribution Line. Chartists can use this indicator to affirm a security's underlying trend or anticipate reversals when the indicator diverges from the security price.
Github: GitHub - Doustzadeh/cTrader-Indicator
using cAlgo.API;
namespace cAlgo
{
[Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
public class AccumulationDistributionLine : Indicator
{
[Output("ADL", LineColor = "Red")]
public IndicatorDataSeries ADL { get; set; }
// 1. Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low)
// 2. Money Flow Volume = Money Flow Multiplier x Volume for the Period
// 3. ADL = Previous ADL + Current Period's Money Flow Volume
private double High, Low, Close, Volume, MFM, MFV;
public override void Calculate(int index)
{
// High = High price for the period
// Low = Low price for the period
// Close = Closing price
// Volume = Volume for the Period
// MFM = Money Flow Multiplier
// MFV = Money Flow Volume
if (index < 1)
{
ADL[index] = 0;
return;
}
High = Bars.HighPrices[index];
Low = Bars.LowPrices[index];
Close = Bars.ClosePrices[index];
Volume = Bars.TickVolumes[index];
MFM = High - Low == 0 ? 0 : ((Close - Low) - (High - Close)) / (High - Low);
MFV = MFM * Volume;
ADL[index] = ADL[index - 1] + MFV;
}
}
}
