Click here to Login








Volume * Price Momentum Oscillator

by Brian Brown, 5463 days ago
Share |






Volume * Price Momentum oscillator is an indicator used to determine the trend tendency using both price and volume. In fact, it acts upon the principle that the trend tendency, which is characterized here by the price variation, is stronger when the exchanged volume is higher. The indicator is based on the V*PMO indicator available in the Encyclopedia of Technical Market Indicators book.

VPMO formula consists of a short-term exponential moving average (generally 3 bars) of the daily price variation multiplied by the daily exchanged volume. Strong up-trends with high volume have high positive VPMO values while strong downtrend with high volume have low negative ones.
A positive V*PMO value is generally interpreted as a signal to buy or to enter long positions.

The VPMO function (volume_pmo) has no arguments, it uses by default the 3-bar period when it calculates the exponential moving average. However, you can easily add an argument to the function, so you can vary the moving average period.

Other trading indicators:
Choppiness Index
Relative Momentum Index
Detrended Price Oscillator
SafeZone Stop


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 278


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Big Up Gap (by Peter Gum, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 15 Notes Report an item
Enhanced Candlestick Chart with Volume Variation (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 40 Notes Report an item
VWAP - Volume-Weighted Average Price (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 72 Notes Report an item
Auto Support and Resistance Indicator (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 60 Notes Report an item
Stock Trading Above/Below its Moving Averages (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 33 Notes Report an item
Keltner/Bollinger Bands Squeeze (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 83 Notes Report an item
Opening Range Breakout Indicator (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 38 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Organizing Trading Objects

Creating a download item: Initial Jobless Claims

How to search for a download item

Trading orders - Part 2

Trading Orders - Part 1

The average maximum drawdown metric

Introduction to the trading rules analyzer

Sharpe Ratio - Part 2

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.