Volume Life Force: Raw

Abbreviation: VolLifeForce: Raw
Category: Volume

Input Parameters:

Name Range Default
Closing Price Close
Volume Volume

 
Calculation:

If ( Closing Price > previous Closing Price) then

= current volume – previous volume 

else if ( Closing Price < previous Closing Price) then

= previous volume – current volume 

else

= 0 

 
Discussion:

Provides a measure of the direction of volume relative to the direction of price. Positive values indicate that volume is changing in the same direction as the closing price. Negative values indicate that the volume is changing in the opposite direction as that of the closing price.
 

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