![]() Technical Analysis of Stocks & Commodities, August 2018.ĭo Not Sell or Share My Personal Information "Portfolio Strategy Based On Accumulation/Distribution" by Domenico D'Errico. Histogram bars below this line signal range compression.ġ. The ratio of the current range to its past value, expressed in percent. If a RangeRatio histogram bar is below this line, range compression is recognized.ĭefines whether to use the high-low range or the average true range in the calculations. The value that is used as both a period of the range calculation and an offset to collect the past value of the range.ĭefines the position of the RangeFactor line. The Accumulation/Distribution strategy uses values of the RangeRatio plot to add simulated buy and sell orders. RangeFactor serves as a reference line if histogram bars are below this line, range compression may be taking place, in which case the bars are displayed in a different color. RangeRatio is a histogram that displays the ratio of the current range (high-low range or average true range as defined in the input parameters) to a past value of that range, expressed in percent. ![]() The study has two plots: RangeRatio and RangeFactor. Two modes of range calculation are available in this study: high-low range and average true range. As both phases are characterized by price range compression, the indicator compares the current price range with its past values. The main purpose of this indicator is to help identify accumulation and distribution market phases described in Dow theory. The Accumulation/Distribution study is a technical indicator created by Dominico D'Errico.
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