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Williams Accumulation/Distribution (WAD)
William's Accumulation/Distribution (WAD) measures market pressures. Indicator was developed by Larry Williams.
WAD is calculated by formula:
William's accumulation/distribution trading signals are created using divergence: if price of security is falling, but value of WAD is rising (positive divergence) accumulation takes place (go long). Similar, when price is rising and WAD is falling distribution takes place (go short).