Accumulation/Distribution Line (ADL)
Running total of close-location value times volume. Unlike OBV it weights where in the range the bar closed, so weak closes on high volume distribute.
Accumulation/Distribution Line (ADL)
Definition
Running total of close-location value times volume. Unlike OBV it weights where in the range the bar closed, so weak closes on high volume distribute.
Parameters
Asset, Interval
Output range: Unbounded (cumulative)
Example
`ADL(AAPL)` diverging from price (Smart-money footprint)
Usage notes
Prefer ADL over OBV on wide-range bars — OBV treats a weak high-volume close as full accumulation.
Full indicator reference