More on the Acc/Dist indicator

I have received a lot of great questions recently regarding my frequent mention of using the Accumulation/Distribution indicator on the 5 minute chart. One of the situations that I am looking for is what I view as a Pivot Point area for this indicator.

A great example for this is with the 5 minute chart of HITKĀ (HI-Tech Pharmacal Inc) shown below:

By utilizing this Pivot Zone area for entry, it should keep you in the trade longer. If you notice the action for today, price has moved up while the Acc/DistĀ reading ends up in the middle of the Box at the -0.018 level. The volume is worth noting, one more thing to look at that keeps you in a trade longer.

 

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