Williams’ Variable Accumulation Distribution: Volume Weighted MovAvg Difference

Abbreviation: Williams’ Variable Accumulation Distribution VolWgtAvg Diff
Category: Volume: Smoothed

Input Parameters:

Name Range Default
Opening Price Open
High Price High
Low Price Low
Closing Price Close
Volume Volume
VolWgtAvg1 Periods Int >= 1 5
VolWgtAvg2 Periods Int >= 1 10

 
Calculation:

VolWgtAvg(X, Volume, VolWgtAvg1 Periods) – VolWgtAvg(X, Volume, VolWgtAvg2 Periods)

where
X = Williams’ Variable Accumulation Distribution: Raw(Opening Price, High Price, Low Price, Closing Price, Volume)

Williams’ Variable Accumulation Distribution: Raw represents Williams’ Variable Accumulation Distribution: Raw
VolWgtAvg represents Volume Weighted Moving Average

 
Discussion:

This indicator attempts to quantify movements in the Williams’ Variable Accumulation Distribution indicator by calculating the difference between two moving averages. Since it uses volume weighted moving averages (which give more importance to those periods with higher volume relative to the other periods in the moving average’s time frame), the indicator tends to focus more upon movement between periods of relatively higher volume than between periods of relatively lower volume.
 

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