Volume Accumulation #2: Exponential MovAvg Difference

Abbreviation: VolAccum#2 ExpAvg Diff
Category: Volume: Smoothed

Input Parameters:

Name Range Default
High Price High
Low Price Low
Closing Price Close
Volume Volume
ExpAvg1 Periods Int >= 1 5
ExpAvg2 Periods Int >= 1 10

 
Calculation:

ExpAvg(X, ExpAvg1 Periods) – ExpAvg(X, ExpAvg2 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 quantify movements in the Volume Accumulation #2 indicator by calculating the difference between two moving averages. Since it uses exponential moving averages (which give more importance to the most recent periods than to less recent periods), the indicator tends to focus more upon movement occurring in the most recent periods.
 

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