Abbreviation: PosVolIndex Avg
Category: Volume: Smoothed
Input Parameters:
| Name | Range | Default |
| Closing Price | Close | |
| Volume | Volume | |
| Avg Periods | Int >= 1 | 5 |
Calculation:
Avg(X, Avg Periods)
where
X = PosVolIndex: Raw(Closing Price, Volume)
PosVolIndex: Raw represents Positive Volume Index: Raw
Avg represents Simple Moving Average
Discussion:
This indicator attempts to smooth the Positive Volume Index indicator by calculating its moving average. Since it uses a simple moving average (which gives equal importance to all the periods within the moving average’s time frame), this method of smoothing may cause more of a lag time than the exponential variant.