Abbreviation: Volume Advancing-Volume Declining Spread: ExpAvg
Category: Market Volume Advance / Decline
Input Parameters:
| Name | Range | Default |
| Volume of Advancing Issues | ||
| Volume of Declining Issues | ||
| ExpAvg Periods | Int >=1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = Volume Advancing-Volume Declining Spread(Volume of Adv Issues, Volume of Dec Issues)
Volume Advancing-Volume Declining Spread represents Volume Advancing-Volume Declining Spread
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Volume Advancing-Volume Declining Spread 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.