Accumulation/Distribution (A/D)

सरल शब्दों में विचार

Where the price closes within its range tells you who won the candle. A/D adds a portion of the volume for closes near the high and subtracts it for closes near the low, building a line that shows whether money is flowing in (accumulation) or out (distribution).

गणना कैसे होती है

Each candle's position of the close in its range (from −1 at the low to +1 at the high) is multiplied by its volume and added to the running total.

Close location = ((close − low) − (high − close)) ÷ (high − low)
A/D = previous A/D + close location × volume

इसका उपयोग कैसे करें

• Rising A/D confirms an uptrend; falling A/D confirms a downtrend.
• Divergence: price rising while A/D falls suggests the rally lacks real buying.

निष्कर्ष निकालना

• The level of the line means nothing; only its direction and its divergences matter.

इन बातों का ध्यान रखें

• On currencies, metals and CFDs there is no central exchange volume. The chart uses "tick volume", the number of price changes in each candle, which follows real activity closely but is not the number of contracts traded.

थोड़ा इतिहास

Developed by Marc Chaikin.