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    Williams Accumulation/Distribution (Williams AD)
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      Williams Accumulation/Distribution (Williams AD)

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        Article summary

        Williams Accumulation/Distribution (Williams AD) is an indicator that measures market pressure i.e. whether an asset is accumulated (buyers pressure prevails) or distributed (sellers pressure prevails). The indicator may be used for analyzing divergences with price: when the price makes a new low, but the indicator doesn't, the price is likely to turn up, and vice versa.

        Williams AD uses True Range High (TRH) and True Range Low (TRL) values during calculation. TRH is the greatest of yesterday's close and today's high, while TRL is the least of yesterday's close and today's low. The indicator compares today's close price to yesterday's close price:

        • If today's close is greater than yesterday's close, the indicator adds the difference between today's close and TRL. 
        • If today's close is less than yesterday's close, the indicator adds the difference between today's close and TRH. 
        • If today's close is equal to yesterday's close, the indicator is unchanged.

        The indicator then calculates a cumulative total of these values and plots a line starting from the zero level.

        Today's A/D / today's colse - TRL
        Today's A/D / today's close - THR
        Today's A/D = 0
        Williams AD = Today's A/D + Yesterday's Williams A/D

        where:
        THR – True Range High
        TRL – True Range Low

        Stoller Average Range Channel BandsWilliams Accumulation/Distribution

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        WADThe Williams Accumulation/Distribution plot
        ZeroThe zero level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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