Accumulation2 - Volume


Accumulation2 - Volume

Variable List Abbreviation: Accum2-Vol


Variable Mode(s): Stock and Futures1

[ Note: appears in indicator list only after high, low, and volume selected ]


Parameter(s): Accum2-Vol time periods



Sum of weighted volumes where each time period the volume is weighted by the distance between the closing price and the range midpoint.  The weighting effectively gives a large weight to time periods in which the close is very close to either the high or low ( a possible upward or downward trend).  A close above the midpoint results in a positive weight, while a close below the midpoint results in a negative weight.



Sum over n time periods of

volume * (close - (high + low)/2)