Abbreviation:
Category: Volume
Input Parameters:
Name | Range | Default |
Opening Price | Open | |
High Price | High | |
Low Price | Low | |
Closing Price | Close | |
Volume | Volume | |
Calculation:
(Closing Price – Opening Price)
‘‘‘‘‘‘‘‘‘‘‘‘‘‘ * volume
(High Price – Low Price)
Discussion:
Williams’ Variable Accumulation Distribution provides a measure of volume weighted by price momentum. It computes the current periods volume times the difference between the close and open divided by the period’s range. A close above the open will result in values greater than zero. A close below the open will result in values less than zero. If the close and open are always within the high/low range, then Williams’ Variable Accumulation Distribution will range in value between the current period’s volume and the negative of the current period’s volume.