OmniTrader Professional Forum OmniTrader Professional Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


  Current location        Thread information  
OmniTrader Professional Forum
OmniLanguage Discussion
Distribution Days indicator?
Last Activity 1/29/2018 8:23 AM
4 replies, 720 viewings

Jump to page : 1
Now viewing page 1 [25 messages per page]
 
back reply
Printer friendly version

^ Top
kmcintyre

Regular
2525
Posts: 57

Joined: 9/12/2007
Location: Valley Center, CA

User Profile
 
Subject : Distribution Days indicator?
Posted : 1/8/2017 6:05 PM
Post #27383

Before I write some code -

Does anyone have, or does Nirvana have, an indicator for counting distribution days over a given lookback period?

Does anyone know how to quantify "high volume" and "large selloff" as defined in "distribution day"?

(I'd probably start with V > sma(v,21) * 1.25 and deltaP > ATR(14), but high volume doji days count too I think...)

Keith





^ Top
kmcintyre

Regular
2525
Posts: 57

Joined: 9/12/2007
Location: Valley Center, CA

User Profile
 
Subject : RE: Distribution Days indicator?
Posted : 1/8/2017 7:17 PM
Post #27384 - In reply to #27383

So the IBD defines distribution day as when a major average drops by 0.2% on higher volume. The price delta is very well defined. (But I recall the call of a distribution day seemed subjective back when I was a subscriber...)

So I have something coded up but my issue is finding the right ticker to get the majors WITH Volume. The $COMP, $DJI, $SPX, $RUT aren't supplying volume in OmniData.

Which tickers should I use?

Thanks

Keith


^ Top
Jim Dean

Sage
20001000100
Posts: 3105

Joined: 3/13/2006
Location: L'ville, GA

User Profile
 
Subject : RE: Distribution Days indicator?
Posted : 1/8/2017 7:19 PM
Post #27385 - In reply to #27384

SPY
^ Top
Mel

Veteran
1002525
Posts: 172

Joined: 3/18/2006

User Profile
 
Subject : RE: Distribution Days indicator?
Posted : 1/9/2017 8:38 AM
Post #27387 - In reply to #27385

Keith,

Here are a couple of indicators to play with. They compute Accumulation/Distribution for any symbol, over a chosen period.

Attached file : ADRecent.txt (1KB - 53 downloads)
Attached file : ADRelative.txt (0KB - 42 downloads)

^ Top
John J

Regular
252525
Posts: 82
Online

Joined: 12/20/2011
Location: Leduc

User Profile
 
Subject : RE: Distribution Days indicator?
Posted : 1/9/2017 2:22 PM
Post #27392 - In reply to #27383

FYI, Nirv's Volume Systems 2.0 plugin comes with the following systems:

- Accumulation/Distribution - Crossover
- Accumulation/Distribution - Divergence
Jump to page : 1
Now viewing page 1 [25 messages per page]
back reply

Legend    Action      Notification  
Administrator
Forum Moderator
Registered User
Unregistered User
E-Mail this thread to a friend
Toggle e-mail notification


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.