The Accumulation distribution (A/D) forex indicator for Metatrader 4 was originally designed by Marc Chaikin.
It’s called a leading indicator that can be applied to any trading instrument, including the majors, cross pairs and exotics.
It can be used to look for divergence between price and indicator.
Falling prices and rising indicator A/D values suggest an upcoming rise in price. In this case, traders look for buy trading signals.
Rising prices and declining indicator A/D values suggest an upcoming fall in price. In this case, traders look for sell trading signals.
The EUR/USD H1 chart below shows the Accumulation forex indicator in action.
Basic Trading Signals
Look for long signals when the Accumulation indicator A/D values are rising or look for bullish divergence between price and indicator.
Look for short signals when the Accumulation indicator A/D values are declining or look for bearish divergence between price and indicator.
We advice you to use the Accumulation forex indicator in conjunction with other technical indicators or tools to generate more reliable buy and sell trading signals.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Accumulation.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)