Abbreviation: Avg(VolWgtAvg1-VolWgtAvg2)
Category: Advanced Volume Weighted Moving Average
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Volume | Volume | |
| Avg Periods | Int >= 1 | 5 |
| VolWgtAvg1 Periods | Int >= 1 | 5 |
| VolWgtAvg2 Periods | Int >= 1 | 10 |
Calculation:
Avg((VolWgtAvg(Time Series, Volume, n2) – VolWgtAvg(Time Series, Volume, n3)), n1)
where
n1 = Avg Periods
n2 = VolWgtAvg1 Periods
n3 = VolWgtAvg2 Periods
Avg represents Simple Moving Average
VolWgtAvg represents Volume Weighted Moving Average
Discussion:
This indicator attempts to quantify movements in price by calculating the simple moving average of the difference between two different sized volume weighted moving averages.