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"The Accumulation Distribution Indicator Line (ADL) is an indicator that looks at supply and demand by deducing whether investors are generally buying (accumulating), or selling (distributing) a certain stock. This is identified by looking at the difference between movement in stock price and volume of the stock. The ADL is calulated with the below mentioned formula ADL = ((Close Ð Low) Ð (High Ð Close)) / (High Ð Low) * Period Volume"
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