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Calculate the Accumulation/Distribution Line.
Similar to the On Balance Volume (OBV). Sums the volume times +1/-1 based on whether the close is higher than the previous close. The Accumulation/Distribution indicator, however multiplies the volume by the close location value (CLV). The CLV is based on the movement of the issue within a single bar and can be +1, -1 or zero.
The Accumulation/Distribution Line is interpreted by looking for a divergence in the direction of the indicator relative to price. If the Accumulation/Distribution Line is trending upward it indicates that the price may follow. Also, if the Accumulation/Distribution Line becomes flat while the price is still rising (or falling) then it signals an impending flattening of the price.
Parameters
- standard
data: list[openbb_core.provider.abstract.data.Data]
list of data to be used for the calculation.
• Optional: False
index: str
Index column name to use with data, by default 'date'.
• Default: date
• Optional: True
offset: int
Offset of the AD, by default 0.
• Optional: True
Returns
results: list[Data]
Serializable results.
provider: None
Provider name.
warnings: Optional[list[Warning_]]
list of warnings.
chart: Optional[Chart]
Chart object.
extra: dict[str, Any]
Extra info.