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