Abbreviation: Avg(VolWgtAvg/Lag(VolWgtAvg) Ratio)
Category: Advanced Volume Weighted Moving Average
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Volume | Volume | |
| Avg Periods | Int >= 1 | 5 |
| VolWgtAvg Periods | Int >= 1 | 5 |
| Lag Amount | Int >= 1 | 5 |
Calculation:
Avg((VolWgtAvg(X, V, n) / Lag(VolWgtAvg(X, V, n), L)), A)
where
X = Time Series
V = Volume
A = Avg Periods
n = VolWgtAvg Periods
L = Lag Amount
Avg represents Simple Moving Average
VolWgtAvg represents Volume Weighted Moving Average
Lag represents Lag
Discussion:
This indicator attempts to quantify movements in a time series by calculating the moving average of the ratio of a volume weighted moving average to the same sized lagged volume weighted moving average.