adline (Financial Time Series Toolbox)

Accumulation/Distribution line

Syntax

adln = adline(highp, lowp, closep, tvolume)
adln = adline([highp lowp  closep  tvolume])
adlnts = adline(tsobj) 
adlnts = adline(tsobj, ParameterName, ParameterValue, ...)

Arguments

highp
High price (vector)

lowp
Low price (vector)

closep
Closing price (vector)

tvolume
Volume traded (vector)

tsobj
Time series object

`highp`	High price (vector)
`lowp`	Low price (vector)
`closep`	Closing price (vector)
`tvolume`	Volume traded (vector)
`tsobj`	Time series object

Description

adln = adline(highp, lowp, closep, tvolume) computes the Accumulation/Distribution line for a set of stock price and volume traded data. The prices required for this function are the high (highp), low (lowp), and closing (closep) prices.

adln = adline([highp lowp closep tvolume]) accepts a four column matrix as input. The first column contains the high prices, the second contains the low prices, the third contains the closing prices, and the fourth contains the volume traded.

adlnts = adline(tsobj) computes the William's Accumulation/Distribution line for a set of stock price data contained in the financial time series object tsobj. The object must contain the high, low, and closing prices plus the volume traded. The function assumes that the series are named High, Low, Close, and Volume. All are required. adlnts is a financial time series object with the same dates as tsobj but with a single series named ADLine.

adlnts = adline(tsobj, ParameterName, ParameterValue, ...) accepts parameter name/parameter value pairs as input. These pairs specify the name(s) for the required data series if it is different from the expected default name(s). Valid parameter names are

HighName: high prices series name
LowName: low prices series name
CloseName: closing prices series name
VolumeName: volume traded series name

Parameter values are the strings that represent the valid parameter names.

Examples

Compute the Accumulation/Distribution line for Disney stock and plot the results:

load disney.mat
dis_ADLine = adline(dis)
plot(dis_ADLine)
title('Accumulation/Distribution Line for Disney')

See Also

adosc, willad, willpctr

Reference

Achelis, Steven B., Technical Analysis from A To Z, Second printing, McGraw-Hill, 1995, pp. 56 - 58.

Functions - Alphabetical List adosc