Accumulation/Distribution
VolumeOwn panel belowNeeds volumeA running total of where each close landed inside its bar, weighted by volume.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Where OBV labels the whole day up or down, this looks at the position within the bar. Heavy volume on a day that closed near its high lifts it sharply.
Where it misleads
It ignores gaps, so a big gap day is under-counted.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Chaikin OscillatorThe gap between a short and a long average of the accumulation/distribution line.
- Chaikin Money FlowWhether money flowed in or out over the recent window, on a −1 to +1 scale.
- Money Flow IndexThink of it as RSI with volume included.
- Ease of MovementHow easily price moved relative to the volume it took.
- Elder Force IndexThe size of the price move multiplied by the volume behind it.
- Klinger OscillatorCompares the direction of volume through a short and a long lens.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.