OPEN-SOURCE SCRIPT
Distribution_Accumulation_ChurningDay_StockUnderStress
Distribution days is a term related to distribution stock in the sense that heavy institutional selling of shares is taking place. A distribution day, technically speaking, occurs when major market indexes fall 0.2% or more on volume that is higher than the previous trading day.
A follow-through day occurs during a market correction when a major index closes 1% or higher than the previous day, and in greater volume.
Churning day occurs when there is little price progress despite strong volume. It indicates a stock under stress.
You can use the script below in TradingView to plot these on the chart
RED CROSS on top of the bar - High volume Red (Distribution)
Black CROSS on bottom of bar - High Volume Green day (Accumulation/ Follow through)
Blue Bar with Black Cross. - High Volume green day but closed 55% below the day days range. (Churning action)
Blue Bar - Stock had a green day but closed in lower bounds(55% below the day days range) i.e under stress
A follow-through day occurs during a market correction when a major index closes 1% or higher than the previous day, and in greater volume.
Churning day occurs when there is little price progress despite strong volume. It indicates a stock under stress.
You can use the script below in TradingView to plot these on the chart
RED CROSS on top of the bar - High volume Red (Distribution)
Black CROSS on bottom of bar - High Volume Green day (Accumulation/ Follow through)
Blue Bar with Black Cross. - High Volume green day but closed 55% below the day days range. (Churning action)
Blue Bar - Stock had a green day but closed in lower bounds(55% below the day days range) i.e under stress
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。