Volume Weighted Accumulation Distribution

2022년 3월 21일

VWAD: Volume Weighted Accumulation Distribution

VWAD, is a "Sentiment analysis" indicator that measures a moving average of volume being bought versus volume being sold.

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SETTINGS:

Acc/Dist Immediacy: is a lookback length from which buying and selling volume data is collected.
Signal Smoothing: removes the whiplash effect of the raw Immediacy buy and sell data (higher numbers slows the averaging effect)

Short Term Sentiment: measures a period of candles to obtain a "reading" of accumulation or distribution sentiment.
Long Term Sentiment: measures a longer period of candles to obtain a "reading" of accumulation or distribution sentiment.

Volatility Threshold: affects the colouring of an optional Histogram display. When the signal line exceeds this negative or positive level, the histogram will colour depending on which accumulation/distribution state its in and whether it is accelerating or decelerating. This helps to remove false "Signals".
Show Histogram: allows you to "hide" the histogram and just view the two plot lines (the 'VWAD', which displays as red or green and the 'Signal' line which is a smoothed version of the VWAD line)

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BASIC USAGE:

Looking at just the yellow 'Signal' line, one can determine the sentiment of Accumulation or Distribution, depending on whether it is above the dashed zero horizontal line (accumulation) or below (distribution).
It can be helpful to see when the balance of buying or selling volume shifts toward the top or bottom of price movements. As such, this indicator is not intended to give "Buy" or "Sell" signals, but instead is used to 'start finding opportunities' to enter and exit.

I have found that with the default settings, the 4 - 8 hour chart offers a good balance of "signal to noise", however, feel free to adjust the settings to your liking.
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Notes:
This is intended to suit a dark background, if the VWAD becomes popular enough, there may be an update to allow re-colouring to suit those freaks that prefer light backgrounds.
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2022년 3월 29일

릴리즈 노트

Added some features:

Alert conditions - for those who prefer to be kept in the loop.
Trend colouring of the background with various filters - for those who like to see stop and go colours