Abbreviation: VolAccum#1: Raw
Category: Volume
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Volume | Volume | |
Calculation:
(Closing Price – Low Price) – (High Price – Closing Price)
‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘ * Volume
(High Price – Low Price)
Discussion:
Volume Accumulation #1 provides a measure of volume weighted by price momentum. Mathematically, the value ranges between 1 * volume and -1 * volume. A close equal to the high will result in a value equal to the current periods volume. A close equal to the low will result in a value equal to the negative of the current periods volume. A close midway between the high and low will result in a value of zero.