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| {{Unreferenced|date=November 2007}}
| | Hello, my name is Andrew and my wife doesn't like it at all. Invoicing is my profession. To climb is something I truly appreciate performing. Ohio is exactly where my house is but my spouse desires us to move.<br><br>My web blog ... telephone psychic ([http://help.ksu.edu.sa/node/65129 Read Webpage]) |
| {{Context|date=October 2009}}
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| '''Accumulation/distribution index''' is a [[technical analysis]] indicator intended to relate price and volume in the [[stock market]].
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| ==Formula==
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| : <math> CLV = { (close - low) - (high - close) \over high - low } </math>
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| This ranges from -1 when the close is the low of the day, to +1 when it's the high. For instance if the close is 3/4 the way up the range then CLV is +0.5. The accumulation/distribution index adds up volume multiplied by the CLV factor, i.e.
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| : <math> accdist = accdist_{prev} + volume \times CLV </math>
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| The starting point for the acc/dist total, i.e. the zero point, is arbitrary, only the shape of the resulting indicator is used, not the actual level of the total.
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| The name accumulation/distribution comes from the idea that during accumulation buyers are in control and the price will be bid up through the day, or will make a recovery if sold down, in either case more often finishing near the day's high than the low. The opposite applies during distribution.
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| The accumulation/distribution index is similar to [[on balance volume]], but acc/dist is based on the close within the day's range, instead of the close-to-close up or down that the latter uses.
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| ==Chaikin oscillator==
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| A Chaikin oscillator is formed by subtracting a 10-day [[moving average (finance)#Exponential moving average|exponential moving average]] from a 3-day exponential moving average of the accumulation/distribution index. Being an indicator of an indicator, it can give various sell or buy signals, depending on the context and other indicators.
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| == Similar indicators ==
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| Other Price × Volume indicators:
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| * [[Money Flow]]
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| * [[On-balance Volume]]
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| * [[Price and Volume Trend]]
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| == See also ==
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| * [[Dimensional analysis]] - explains why volume and price are multiplied (not divided) in such indicators
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| {{technical analysis}}
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| {{DEFAULTSORT:Accumulation distribution index}}
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| [[Category:Technical indicators]]
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Hello, my name is Andrew and my wife doesn't like it at all. Invoicing is my profession. To climb is something I truly appreciate performing. Ohio is exactly where my house is but my spouse desires us to move.
My web blog ... telephone psychic (Read Webpage)