Support Board
Date/Time: Fri, 29 Nov 2024 02:49:45 +0000
Post From: Williams AD
| [2023-03-18 14:49:27] |
| User708541 - Posts: 87 |
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I see that in the "more understandable format" http://www.sierrachart.com/index.php?page=doc/doc_TechnicalStudiesReference.html#s42 you are bringing in the term 'volume'. However in reading about Williams Accum / Dist, he does not use volume in the calculation. Then reading the Sierra source code, I don't see volume in the code. Is this Study, using Volume in it's calculation? (hopefully not) Another question: I'm assuming in this study that the total values from the study are cumulative (add or subtract values along the way to arrive at a constantly changing cumulative value) Hopefully, this Study does not use Volume and the values are accumulating along the way. I'm trying to verify if Sierra's Willams AD is the same as described here: (From Technical Analysis Book) **To calculate Williams' Accumulation/Distribution indicator, first determine the True Range High ("TRH") and True Range Low ("TRL"). Today's accumulation/distribution is then determined by comparing today's closing price to yesterday's closing price. If today's close is greater than yesterday's close: If today's close is less than yesterday's close: If today's close is equal to yesterday's close: The Williams' Accumulation/Distribution indicator is a cummulative total of these daily values.** Thanks for clarifying. Date Time Of Last Edit: 2023-03-18 14:58:39
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