Definition. The Accumulation/Distribution Line (ADL) is a cumulative indicator that uses volume and price to assess whether an asset is being accumulated (bought) or distributed (sold), measuring money flow volume from the relationship between closing price and the day's price range.

Technical. Tracks ADL for spot trades where USD or USD-related currencies serve as the quote. The series can be viewed per exchange or aggregated across exchanges.

Interpretation. When price closes in the upper portion of the day's range, the indicator reflects accumulation. When it closes in the lower portion, it reflects distribution.