The Volume Accumulation Oscillator (VAO) is more sensitive to volume versus price than the On Balance Volume indicator. The formula for Volume Accumulation is: VAC = Volume * ( Close - High + Low / 2 ) A rising price trend will be confirmed by a rising VA line. An uptrend paired with a rising Volume Accumulation line is considered bullish while a Volume Accumulation … [Read more...]
Positive Volume Index: Basic Concept
The Positive Volume Index was introduced by Norman Fosback and is often used in conjunction with Negative Volume Index to identify bull and bear markets.The positive volume index (PVI) is an indicator which tracks volume as it increases from the previous day Postive Volume Index Formula If the current volume is greater than the previous day, then the formula for the PVI … [Read more...]
Application Of Williams % R in Stock Market
William %R, is sometimes referred to as %R,which shows the relationship of the close relative to the high-low range over a set period of time. The nearer the close is to the top of the range, the nearer to zero (higher) the indicator will be. The nearer the close is to the bottom of the range, the nearer to -100 (lower) the indicator will be. If the close equals the high of … [Read more...]
Williams %R – At a Glance
Williams %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by trader and author Larry Williams and is used in the stock and commodities markets. The indicator is very similar to Stochastic %K – except that Williams %R is plotted using negative values ranging from 0 to … [Read more...]
Application of Accumulation Swing Index
How ACC/ Swing Index is used as an application? To use this application , the following formula is used : ' SI(i) = 50*(CLOSE(i-1) - CLOSE(i) + 0,5*(CLOSE(i-1) - OPEN(i-1)) + 0,25*(CLOSE(i) - OPEN(i)) / R)*(K / T) ASI(i) = SI(i-1) + SI(i) Where: SI (i) — current value of Swing Index technical indicator; SI (i - 1) — stands for the value of Swing Index on the previous … [Read more...]