VPCIS.Set(EMA(VPCI, LongTerm)[0]);
I've read Dormeier's book "Investing with Volume Analysis" and he specifies a volume weighted moving average as:
vpcis = vwma(vpci, shortTerm)
so I was wondering why NT uses an EMA versus the Volume Weighted Moving Average and the LongTerm period versus the shortTerm? I coded both and the results are significant> If this Indicator was not developed by NT then dis regard the question.
Thanks in advance.
D
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