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Advanced Technical Analysis of ETFs: Strategies and Market Psychology for Serious Traders by Michael Sincere, Edward Balog, Deron Wagner

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Chapter 5

Accumulation-Distribution with RSI

Throughout this book, we will refer to the accumulation-distribution indicator simply as A-D. Further, accumulation-distribution will be represented by a line chart or a histogram. Following is a basic description of the accumulation-distribution indicator.

Introduction to Accumulation-Distribution Indicator

The accumulation-distribution (by price and volume) indicator uses the relationship between the open and the close of the price bar, and the range of the bar, to determine whether the combination of price and volume should be characterized as accumulation (buying pressure) or distribution (selling pressure). The use of both price and volume provides an important insight with respect to the interaction ...

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