Monday, 3 September 2012

Advanced Accumulation/Distribution Indicator: Directional Arrows


Here is another indicator that I've been playing with: Advanced Accumulation/Distribution (A/D) (Mirror 2)

With this indicator I used the standard A/D that comes with MetaTrader, and applied price direction of the current bar. So, if A/D displays as an upward signal, but the price direction is downward, then an arrow pointing upward will display.

Now, this indicator will display a number of false signals, so you would be wise to incorporate another indicator(s) or method to filter out said signals.