Accumulation/Distribution explains when the big players buy or sell, according to Wyckoff. I added some colors to make it more visibly, to get a hint when (not) to invest.
A/D is a lagging indicator.
When the MA is above A/D line, this should reflect distribution time, and big players are selling. The oppsite is when MA is below the A/D line, then this should be an accumulation phase, and big players are buying.
For example, my preference is a TEMA20 for crypto, this gives me good results. But I added a bunch of moving averages to choose from. Depending on preferences/marked you can choose a moving average, set its length, and you can choose all the colors too. I recommend the Volume indicator to setup the MA line, and this will get much better results!
I hope this script will help some people to do some better decisions. And I am pleased to get some advice to make this script even better!
There is only one similar-sounding script in the public section. Kudos go to jbneto with his Accum/ Dist + 200 EMA which gave me the inspiration. It has a EMA200, and its focus is on the daily pivot price.