WVAD
Williams' Variable Accumulation Distribution
Description
Williams' Variable Accumulation Distribution (WVAD)
provides a measure of volume weighted by price momentum. A close above the open
will result in values greater than zero. A close below the open will result in
values less than zero. If the close and open are always within the high/low
range, WVAD will range between the current bar's volume and the negative of
current bar's volume.
Category
Price Volume Indicators
Parameters
N1 ( Default: 10
Min: 1 Max: 100 )
N2 ( Default: 20
Min: 1 Max: 100 )
Chart Script
WVAD :
(CLOSE-OPEN)/(HIGH-LOW)*VOL;
MA1:MA(WVAD,N1);
MA2:MA(WVAD,N2);