Does the Optuma Accumulation Distribution indicator use the Williams Variable Accumulation Distribution (WVAD) formula?
Thanks
Tim
Does the Optuma Accumulation Distribution indicator use the Williams Variable Accumulation Distribution (WVAD) formula?
Thanks
Tim
Hi Tim,
No - the Williams A/D is based on price only, not volume:
https://forum.optuma.com/topic/larry-williams-indicators/#post-48059
Hi Darren,
Thanks for the reply.
In Dormeier’s book “Investing with Volume Analysis” he has the Williams Variable Accumulation Distribution (WVAD) formula as;
(Close-Open)/(High-Low) x Volume.
Is this the Optuma A/D formula?
Tim
Hi Tim,
I don’t think so. The blue Show View line below is the cumulative script for your formula, and it’s different from the A/D tool. Does it look similar to what you require?
AD1=(CLOSE()-OPEN()) / (HIGH()-LOW()) * VOL(); ACC(AD1)