Abbreviation: PriceHigh VolWgtAvg Diff
Category: Advanced Price Basic
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Price Periods | Int >= 1 | 5 |
| Volume | Volume | |
| VolWgtAvg1 Periods | Int >= 1 | 5 |
| VolWgtAvg2 Periods | Int >= 1 | 10 |
Calculation:
VolWgtAvg(X, Volume, VolWgtAvg1 Periods) – VolWgtAvg(X, Volume, VolWgtAvg2 Periods)
where
X = PriceHigh(High Price, Price Periods)
PriceHigh represents Price High
VolWgtAvg represents Volume Weighted 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 volume weighted moving averages (which give more importance to those periods with higher volume relative to the other periods in the moving average’s time frame), the indicator tends to focus more upon movement between periods of relatively higher volume than between periods of relatively lower volume.