Abbreviation: ArmsEaseMovement VolWgtAvg
Category: Volume: Smoothed
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Volume | Volume | |
| VolWgtAvg Periods | Int >= 1 | 5 |
Calculation:
VolWgtAvg(X, Volume, VolWgtAvg Periods)
where
X = ArmsEaseMovement: Raw(High Price, Low Price, Volume)
ArmsEaseMovement: Raw represents Arms Ease of Movement: Raw
VolWgtAvg represents Volume Weighted Moving Average
Discussion:
This indicator attempts to smooth the Arms Ease of Movement indicator by calculating its moving average. Since it uses a volume weighted moving average (which gives more importance to those periods with higher volume relative to the other periods in the moving average’s time frame), the smoothing is influenced more by periods of relatively higher volume than by periods of relatively lower volume.