The Accumulation/Distribution is a momentum indicator that
associates changes in price and volume. The indicator is based on the premise
that the more volume that accompanies a price move, the more significant the
price move.
The Chaikin Oscillator is a moving average oscillator based on
the Accumulation/Distribution indicator.
The Ease of Movement indicator shows the relationship between
volume and price change. As with Equivolume charting, this indicator shows how
much volume is required to move prices.
The Money Flow Index is a momentum indicator that is similar
to the Relative Strength Index (RSI). It compares upward changes and downward
changes of volume-weighted typical prices. This indicator can be used to
identify the strength or weakness of a trend.
The Negative Volume Index focuses on days where the volume
decreases from the previous day. The premise being that the "smart money" takes
positions on days when volume decreases.
On Balance Volume is a momentum indicator that relates volume
to price change.
The Positive Volume Index focuses on days where the volume
increased from the previous day. The premise being that the "crowd" takes
positions on days when volume increases.
The Price and Volume Trend is similar to On Balance Volume, in
that it is a cumulative total of volume that is adjusted depending on changes
in closing prices. But where OBV adds all volume on days when prices close
higher and subtracts all volume on days when prices close lower, the PVT
adds/subtracts only a portion of the daily volume. The amount of volume added
to the PVT is determined by the amount that prices rose or fell relative to the
previous day's close.
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