accumulation distribution overbought/sold

SJP07

Member
Would it be possible to edit this accumulation distribution buy percentage code to have overbought & oversold levels based off of the last 14 periods?
declare lower;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

Plot AccDist = TotalSum(data);

Thanks in advance!
 
Solution
Would it be possible to edit this accumulation distribution buy percentage code to have overbought & oversold levels based off of the last 14 periods?
declare lower;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

Plot AccDist = TotalSum(data);

Thanks in advance!

This might help get you a starting point for OB/OS levels that you can adjust, if necessary. The OB is the max acctdist and OS is the min accdist during the lookback period in the code below

Capture.jpg
Ruby:
declare lower;

input lookback = 14;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

plot...
Would it be possible to edit this accumulation distribution buy percentage code to have overbought & oversold levels based off of the last 14 periods?
declare lower;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

Plot AccDist = TotalSum(data);

Thanks in advance!

This might help get you a starting point for OB/OS levels that you can adjust, if necessary. The OB is the max acctdist and OS is the min accdist during the lookback period in the code below

Capture.jpg
Ruby:
declare lower;

input lookback = 14;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

plot AccDist = TotalSum(data);
def bn  = BarNumber();
def lbn = HighestAll(if IsNaN(close[-1]) and !IsNaN(close)
          then bn else Double.NaN);
def ob  = if bn < lbn - lookback
          then Double.NaN
          else if bn == lbn - lookback 
          then AccDist
          else if bn <= lbn - 1
          then Max(ob[1], AccDist)
          else ob[1];
def os  = if bn < lbn - lookback
          then Double.NaN
          else if bn == lbn - lookback
          then AccDist
          else if bn <= lbn - 1
          then Min(os[1], AccDist)
          else os[1];

plot xob = highestAll(ob);
xob.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
plot xos = lowestAll(os);
xos.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

AddLabel(1, "OB: " + ob + " OS: " + os);
 
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
452 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top