I posted this code a long time ago and forgot to add to PineScript Library. Plots Williams Accumulation Distribution, Williams AD With Optional SMA as a Filter. In Inputs Tab: Ability to Turn On/Off SMA Filter. Ability to change any of the plots to Change Colors Based on Being Above or Below the SMA Filter. Also Ability to Turn Off Color Change Based on SMA Filter.
Accumulation/Distribution - with change point markers
This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand. Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....
The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning from prior research on volume by such well-known technicians as Joseph Granville, Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based indicator to help in both short- and long-term analysis. The KO was developed with two seemingly opposite...