Abbreviation: Short Sales Specialist/Total Ratio: VolWgtAvg
Category: Market Short Sales
Input Parameters:
| Name | Range | Default |
| Specialist Short Sales | ||
| Total Short Sales | ||
| Total Volume | ||
| VolWgtAvg Periods | Int >= 1 | 5 |
Calculation:
VolWgtAvg(X, Total Volume, VolWgtAvg Periods)
where
X = Short Sales Specialist/Total Ratio(Specialist Short Sales, Total Short Sales)
Short Sales Specialist/Total Ratio represents Short Sales Specialist/Total Ratio
VolWgtAvg represents Volume Weighted Moving Average
Discussion:
This indicator attempts to smooth the Short Sales Specialist/Total Ratio 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.