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The volume accumulation oscillator is a modified on balance volume (OBV) study. The volume accumulation oscillator assigns a proportional amount of volume to the mean price for a period, depending on where the close falls in relation to the mean price. All volume is assigned to buying or selling only if the close is the high or the low for a period.
Formula:
Where:
VAO = current volume accumulation
C =close
H =high
L =low
V = volume
Parameter |
Function | ||||||||||||||
Color |
Default color is yellow. To change the color, click on the color button:
Then choose the color you want from the Color Menu.
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Graph |
Sets the drawing method for the study.
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Line Style |
Sets the rendering technique of the graph parameter (if it is set to Line).
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Line Width |
Sets the tickness of the study line.
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see, John J. Murphy, Technical Analysis of the Futures Markets, A Comprehensive Guide to Trading Methods and Applications, New York: New York Institute of Finance, A Prentice-Hall Company, 1986, pp. 188-193.