Abbreviation: VolWgtAvg
Category: Averages
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Volume | Volume | |
| VolWgtAvg Periods | Int >= 1 | 5 |
Calculation:
Sum over n days of ( Time Series * Volume )
‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘
Sum over n days of Volume
where
n = VolWgtAvg Periods
Discussion:
Provides a smoothing of the closing price with an emphasis on relatively high volume periods. The average gives the most weight to the closes of periods with higher volume relative to the other periods in the moving average’s time frame.