| 3COFFEE |
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Gold User, Member, TeleChart
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| Registered User |
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| Thursday, October 7, 2004 |
| Thursday, February 5, 2015 5:53:33 PM |
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Any luck in coming up with a formula for the William's Accumulation/Distribution indicator. Once a PCF is set up for William's A/C, is it possible to scan for stocks that have the greatest divergence from the William's A/C indicator.
Bill
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Dear Trainer,
I am interested in doing a couple of sorts to find the stocks with the greatest divergence between: (1) stock price and TSV(18)and; (2) stock price William's Accumulation/ Distribution indicator. Can these 2 scans be combined into one scan or must two separate scans be performed?
I don't know how to write PCF's, but I do have the formulae for the William's A/D indicator. Here is the formulae:
To calculate Williams' Accumulation/Distribution indicator, first
determine the True Range High(TRH) and True Range Low(TRL).
TRH = Yesterday's close or today's high, whichever is greater.
TRL = Yesterday's close or today's low, whichever is less.
Today's accumulation/distribution is then determined by comparing
today's closing price to yesterday's closing price.
If today's close is greater than yesterday's close:
Today's A/D = today's close - TRL
If today's close is less than yestersday's close:
Today's A/D = today's close - TRH
If today's close is equal to yesterday's close:
Today's A/D = 0
The Williams' Accumulation/Distribution indicator is a cumulative total of these daily values:
Williams' A/D = Today's A/D + Yesterday's Williams' A/D
Thanks for your assistance with these 2 formulas.
Bill Greene
(e-mail removed by moderator)
(Worden user name: 3 coffee)
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