Trade volume indicator Accumulation Distribution Level
Trade volume indicator Accumulation Distribution Level (ADL) - is an indicator showing accumulation/distribution levels. It is used to confirm trends or reversals by divergence.
Accumulation Distribution Level indicator is an alternative to Chaikin's ADL and OBV volume indicators, and lacks their drawbacks.
The trading indicator Accumulation Distribution Level is finalized by Tankk, known on the forum of traders forexsystemsru.com, an indicator builder.
In the author's version of the Accumulation Distribution Level indicator the main calculation is divided into 2 groups, with corrections for price, current timeframe and MTF, and additional internal calculations/filters are added. They are autonomous and each of them has a significant impact on the ADL line/histo pattern.
Trade volume indicator Accumulation Distribution LevelIt is certainly worthy of the closest attention, and will increase the effectiveness of trading using volumes.
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