Volume Accumulation

This Volume Accumulation indicator addresses some of On Balance Volume's shortcomings and was developed by Marc Chaikin. Where OBV assigns all of a day's volume a positive or negative value, Volume Accumulation counts only a percentage of the volume as positive or negative, depending on where the futures close is in relation to the average price of the day. The only time the entire day's volume is assigned a positive value is when the futures close is the same as the day's high. The opposite applies for a close at the day's low.

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