Abbreviation: PriceHigh Avg Diff
Category: Advanced Price Basic
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Price Periods | Int >= 1 | 5 |
| Avg1 Periods | Int >= 1 | 5 |
| Avg2 Periods | Int >= 1 | 10 |
Calculation:
Avg(X, Avg1 Periods) – Avg(X, Avg2 Periods)
where
X = PriceHigh(High Price, Price Periods)
PriceHigh represents Price High
Avg represents Simple Moving Average
Discussion:
This indicator attempts to quantify movements in the Price High indicator by calculating the difference between two moving averages. Since it uses simple moving averages (which give equal importance to all the periods within the moving average’s time frame), the indicator treats all periods alike, and does not focus more upon movement between recent or relatively higher volume periods as do the exponential and volume weighted variants.