Dear Master of the charts,
i was wondering if you would be up to something very interesting.
I believe it would be possible to do something much much better than the accumulation distribution in its present form
I do not know the difference between acc distrib original indicator , and the WAD indicator.
The article is from mql5 and there is mq4 code there for the WAD.
I do not know if you could code divergences into this code in the way the indicator should be used:
when price reaches a new maximum and W_A/D cannot reach the new maximum, it means the security distribution takes place. This is a signal to sell;
when prices reaches a new minimum and W_A/D cannot reach the new minimum, it means the security accumulation takes place. This is a signal to buy.
https://www.mql5.com/en/code/7064
but i think the indicator needs further addition :
- an arrow that will permit optimization of the indicator
-the signal appearing only after there is a bullish candle formed after a divergence was spotted in case of a bullish signal
-the signal appearing only after there is a bearish candle formed after a divergence was spotted in case of a bearish signal
-a period of calculation of high and low factors
as you can see in the example , big period signals are much more effective than low periods , hence the indicator needs something like a period between x and y candles to omit low periods.
i believe this is much more interesting than what we have now because with this methodology we can potentially identify specifically high resistance liquidity beeing put in place on the market. When high resistance liquidity is beeing put in place , this is where markets are likely to shift and where trading is actually amazing because wins are insane.
Please forgive me if i am asking nonsense , and may the God of charts and trading keep blessing you.
this is the current indicator :
