O'Reilly logo

Bloomberg Visual Guide to Candlestick Charting by Michael C. Thomsett

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

image

Noncandlestick Confirmation Indicators and Terms

accumulation/distribution (AD) a momentum oscillator based on price trends, developed by Marc Chaikin, a trader who recognized the importance of whether current price movement of a stock is controlled by buyers (accumulation phase) or by sellers (distribution phase).

The A/D indicator is based on a single day’s prices and it identifies whether buyers or sellers determined the price levels and movements. A series of A/D days expressed in a moving average and divided by volume for the averaged period (usually 21 days) is called the Chaikin Money Flow (CMF), a strong technical sign that often provides ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required