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Volume Accumulation

Volume based indicator. It has no period or parameters required. There is one option to show the Bar-Bar accumulation if desired but the default is the "summed" value. (integrated over time)

Code based upon:
https://commodity.com/technical-analysis/volume-accumulation/

"The Volume Accumulation indicator combines volume and a price-weighting that attempts to show the strength of conviction behind a trend; the Volume Accumulation indicator might prove useful in uncovering divergences. The formula for the Volume Accumulation formula is shown below:

Volume x [Close - (High + Low)/2]

The formula only gives positive volume to the day if the close is higher than the midpoint of the high and low. If the close is towards the lower half of the range of the price action, then volume is negative for the day."

Category NinjaTrader 8 Indicators and More

Details: Volume Accumulation
Category: NinjaTrader 8 Indicators and More

July 7th, 2016
Size: 1.82 KB
Downloaded: 726 times

Comments/ratings

Botts August 3rd, 2016 06:30 AM

Well done, Thank You.

reachvij August 31st, 2016 04:08 PM

Great contribution

bobc635 July 26th, 2017 05:04 PM

Very Interesting

mjones11 August 12th, 2017 10:02 PM

Well Done!!!