Volume Accumulation #2: Exponential MovAvg

Abbreviation: VolAccum#2 ExpAvg
Category: Volume: Smoothed

Input Parameters:

Name Range Default
High Price High
Low Price Low
Closing Price Close
Volume Volume
ExpAvg Periods Int >= 1 5

 
Calculation:

ExpAvg(X, ExpAvg Periods)

where
X = VolAccum#2: Raw(High Price, Low Price, Closing Price, Volume)

VolAccum#2: Raw represents Volume Accumulation #2: Raw
ExpAvg represents Exponential Moving Average

 
Discussion:

This indicator attempts to smooth the Volume Accumulation #2 indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.
 

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