Larry Williams' Variable Accumulation Distribution (WV A D) Indicator
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Larry Williams' Variable Accumulation Distribution (WV A D) Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Albeit forex with major pairs does not have volume information, one of the most used indicators where this information is available is Williams' Variable Accumulation Distribution, or WVAD for short.
It's basic mathematical definition is:
While signal of (close-open) represents direction (positive for uptrend, negative for downtrend), it quantifies the amount of volume needed to actually change the price, driving it.
It was dropped in late 1970's due to the difficulty in implementing it.
The indicator reverts to the ratio of open-close to high-low, if volume information is not available. In the code was also included a Ask>Bid, because it becomes more reliable for other instruments where placing limit orders in pre-market is possible and, sometimes, results in Ask being larger than Bid (WDO/DOL FUTURES, at Brazilian BMF Bovespa, for instance).
Basic code formula is:
