Introduction

A volume indicator which tries to gauge supply and demand for a currency pair by discovering if investors are generally “Accumulating” (buying) or “Distributing” (selling) the pair. The basic premise has always been that volume (or money flow) may be a leading indicator to price action. This indicator is a variant of the more commonly used indicator On Balance Volume. They are both used to confirm price changes by looking at whether there is more volume on buying or selling sessions.

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