Resistance to Declines - Volume

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Resistance to Declines - Volume

Variable List Abbreviation: DecResist-Vol

 

Variable Mode(s): Stock and Futures1

[Note: appears in indicator list only after volume selected]

 

Parameter(s): DecResist-Vol time periods

 

Description:

A measure of the amount of volume per unit decrease in price.

 

Calculation:

For n (time periods) time periods

 Average volume on close down time periods    .

Average price change magnitude on close down time periods