williams accumulation distribution
Info
The williams accumulation distribution is a Indicator for MetaTrader 5 that metaquoteslarry williams' accumulation/distribution, or w_a/d, is an accumulated sum of "accumulative" and "distributive" price movements. the term accumulation is used for indication of a market controlled by buyers, and "distribution" means a market controlled by sellers.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use williams accumulation distribution
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.
What this tool does
metaquoteslarry williams' accumulation/distribution, or w_a/d, is an accumulated sum of "accumulative" and "distributive" price movements.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: williams percent range (%r) - another powerful indicator for MetaTrader 5 traders.
metaquotes
larry williams' accumulation/distribution, or w_a/d, is an accumulated sum of "accumulative" and "distributive" price movements. the term accumulation is used for indication of a market controlled by buyers, and "distribution" means a market controlled by sellers.
Also recommended: williams' accumulation/distribution (w a/d) indicator - similar indicator with strong performance on MetaTrader 5.
thus, if the current closing price is higher than the previous one, w_a/d increases by the difference of the current closing price and the true minimum. but if the current closing price is lower than the previous one, w_a/d decreases by the difference of the current closing price and the true minimum.williams recommends using following discrepancies as trading signals of this indicator:
share is distributing if the price reaches new maximum, and accumulation/distribution indicator cannot reach new maximum. this is a signal for selling;
share is accumulating if the price reaches new minimum, and accumulation/distribution indicator cannot reach new minimum. this is a signal for buying.
this indicator was first implemented in mql4 and published in on february 12, 2007.
fig.1. williams_accumulation_distribution indicator
You may also like: accumulation swing index (asi) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 clrlightseagreen
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.