Abbreviation: VolPriceTrend: Raw
Category: Volume
Input Parameters:
| Name | Range | Default |
| Closing Price | Close | |
| Volume | Volume | |
Calculation:
(Closing Price – previous Closing Price) * Volume
Discussion:
Provides a measure of volume weighted by price momentum. Values greater than zero indicate
Volume Price Trend provides a measure of volume weighted by price momentum. It computes the current period’s volume times the difference between the current period’s close and the previous period’s close. A close above the previous close will return values greater than zero. A close below the previous close will return values less than zero. The actual magnitude will depend on both the current period’s volume and the magnitude of difference between the close and previous close.