Accumulation/Distribution

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    A technical Indicator developed by Mark Chaikin.  When the close price is above the mid-point of the daily range, then a positive number is returned implying buying pressure (accumulation).  Similarly, when the close price is below the mid-point of the range, then a negative number is returned implying a selling pressure (distribution). The daily volume is multiplied by the above number to determine the weight of the price in the calculation of the indicator.

    Calculation: [ (close – low) – (high – close) x volume] / (high – low)

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