Accumulation/Distribution Money Flow [Cyrus c|:D]

This indicator is based on my previous indicator "Accumulation/Distribution Volume". It does not include the volume bars. The volume effect is adjustable as well.
Application:
- Buy/sell pressure: above 0 shows buy pressure, below 0 shows sell pressure.
- Divergence: as shown in the chart above, this indicator diverged from BTC price during swing lows and highs in the shown period.
- Accumulation/distribution: set Aggregation=Sum, Volume Exponent=10 and uncheck Price Factor.
Recommendations:
- Never use SMA
- Use larger length EMA for confirmation of divergence or buy/sell pressure (EMA 27 is equal to RMA 14 which is used in RSI).
. A/D mode is not recommended for hidden divergence.
My Setup:
- I use one instances of this indicator with default settings for buy/sell pressure
- A second instance for A/D level overlaid on the main chart
- One instance of "Accumulation/Distribution Volume" as a replacement for volume indicator
This indicator can also replicate Accumulation/Distribution Line (improved by True Range), On Balance Volume, and Price Volume Trend. Read more details on the description of the previous indicator:

I strongly recommend reading about similar indicators for potential uses e.g. tradingview.com/wiki/Money_Flow_(MFI) and tradingview.com/wiki/Price_Volume_Trend_(PVT)
I will publish a TA about correctly measuring divergence and using these indicators.
Please report any problems you find in the comments.
PS: Here is a more clarification about my suggestion re not using SMA
![Accumulation/Distribution Money Flow [Cyrus c|:D]](https://s3.tradingview.com/x/xNwMiYef_mid.png)
- Using Smoothed MA (same as the MA used in RSI)
For range-bound version of this indicator, check out my ADP indicator here which also includes this indicator:
![Accumulation/Distribution Percentage (ADP) [Cyrus c|:D]](https://s3.tradingview.com/h/hM0zajVr_mid.png)
Previous version is available in Pine script version system and here pastebin.com/raw/LFBkyfZb
- Minor change in the way price is factored
- minor change in the way price is factored in
Ultimate Money Flow add a lot of features to ADMF. ADMF will not be updated anymore.
![Ultimate Money Flow (UMF), Stoch, Multi Time Frame (MTF) [cI8DH]](https://s3.tradingview.com/q/qwxRjZWn_mid.png)
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.