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.