Stock Portfolio Organizer
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#1 Selling Amibroker Plugin featuring:
Distribution Days for Amibroker (AFL)
//Automatic Distribution Days Identification
//A distribution day is a significant decline in a major stock index,
//namely the Nasdaq composite and the S&P 500, in higher
//trading volume than was seen in the previous session. IBD defines a
//“significant decline” as a drop of more than 0.2%, with no rounding up to
//get to 0.2% allowed.
//A distribution day indicates unusually heavy selling by institutional
//investors, the heavyweights who largely set a market’s direction.
//Four or five distribution days over several weeks nearly always signal
//that stocks have topped and are heading for a downturn.
//IBD’s research has determined that investors shouldn’t count distribution days
//after 25 trading days have passed. At that point, those days of liquidation have
//A distribution day also falls out of an index’s count after the index climbs 5%
//above that distribution day’s close. IBD has developed this rule on the premise
//that when an index rallies and extends itself from a distribution day, it’s
//showing the strength to overcome high-volume selling.
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