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