July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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Accumulation/Distribution (A/D)
The flaw in OBV is that it makes no distinction between large and small price moves. All are treated the same. Another volume indicator, accumulation/distribution (A/D), corrects this flaw.
A/D takes into account the range of price for each session so that the daily change in the A/D index is adjusted to show bigger moves for bigger price changes and smaller moves when the price change is slight. This is an excellent volume indicator for the large numbers of analysts believing that volume leads price. Using A/D, it is possible to spot reversal before price signals confirm a change. The divergence between A/D and price is among the strongest early warnings of a trend ending and about to reverse. A bullish divergence ...
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