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Technical Analysis
Updated 2025-06-04·Editorial policy·Trading system

What is Accumulation/Distribution (A/D)?

The accumulation/distribution indicator estimates whether volume is flowing into or out of a security. Rising A/D with flat price can hint at quiet accumulation.

Formula

Rising A/D = accumulation (buying pressure)

Indian market context (NSE)

Reference levels: Nifty 50 at 24,300, Reliance Industries at ₹1,300, Bank Nifty futures at 55,000 (lot size 30). Examples below show how Accumulation/Distribution (A/D) shows up on Indian index, equity, and futures books — update to live quotes in your journal.

Nifty 50 perspective

Accumulation/Distribution on Nifty (24,300): on the 15-minute chart, combine with session VWAP and 9:15–10:00 liquidity — index accumulation/distribution signals misfire on expiry Tuesdays without volume confirmation.

Reliance Industries perspective

Accumulation/Distribution on Reliance at ₹1,300: daily vs hourly settings diverge around results and ex-dividend dates; note corporate events in journal when accumulation/distribution readings spike.

Bank Nifty futures perspective

Accumulation/Distribution on Bank Nifty futures (55,000): first-hour signals differ from post-14:30 behaviour; avoid standalone entries when banking names lead the move.

How to validate

  • Forward-test Accumulation/Distribution (A/D) on paper or sim for two weeks after rule changes.
  • Validate only on trades where Accumulation/Distribution (A/D) settings matched the written playbook.
  • Split results by trending vs range weeks on Nifty before trusting the signal.
  • Require higher-timeframe bias agreement if that is part of your rule.

How to track in TradeLyser

  • Add Accumulation/Distribution (A/D) reading to trade entry notes (value + timeframe).
  • Create tags: “Accumulation/Distribution (A/D) aligned” / “Accumulation/Distribution (A/D) ignored”.
  • Monthly: filter trades by alignment tag and compare win rate and avg R.
  • Screenshot chart context for mentor review on disputed trades.

Best practices

Common pitfalls

How to use this in TradeLyser

Tag “A/D divergence” only when written in playbook. Monthly win rate for divergence tag vs baseline.

Reference guide

ContextValueReading
Rising A/DMoney flowing inBullish
Falling A/DMoney flowing outBearish
A/D confirms priceTrend is healthyStay with trend
A/D diverges from priceSmart money disagreesReversal warning

Related terms

FAQ

What is Accumulation/Distribution?

A/D line measures money flow by combining price and volume. When close is near the high with high volume, it shows accumulation (buying). When close is near the low, it shows distribution (selling).

How is A/D calculated?

First, calculate Money Flow Multiplier: ((Close - Low) - (High - Close)) / (High - Low). Then Money Flow Volume = MFM × Volume. A/D Line = Previous A/D + Money Flow Volume. It's cumulative.

How do you read A/D line?

Rising A/D = accumulation (bullish). Falling A/D = distribution (bearish). A/D diverging from price warns of reversal. A/D confirming price validates the trend.

What is A/D divergence?

When price makes new highs but A/D doesn't (bearish divergence), smart money is distributing despite rising prices. When price makes new lows but A/D doesn't (bullish divergence), accumulation is happening.

What's the difference between A/D and OBV?

OBV adds/subtracts all volume based on close direction. A/D weights volume by where close is within the range. A/D is more nuanced; OBV is simpler. Both track money flow.

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