Abbreviation: VolAccum#2: Raw
Category: Volume
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Volume | Volume | |
Calculation:
(Closing Price – (High Price + Low Price)/2 ) * Volume
Discussion:
Volume Accumulation #2 provides a measure of volume weighted by price momentum. It computes the current periods volume times the difference between the current periods close and high-low midpoint. A close above the high-low midpoint will return values greater than zero. A close below the high-low midpoint will return values less than zero. The actual magnitude will depend on both the current periods volume and the magnitude of difference between the close and high-low midpoint.