The VPCI (Volume Price Confirmation) indicator shows the relationship between the price and the volume.
It has two input parameters:
Slow MA period – slow MA period;
Fast MA period – fast moving average period.
Calculations:
VPCI = VPC * VPR * VM
where:
VPC = VWMA(Slow MA period) - SMA(Slow MA period)
VWMA = Sum(Close * Volume)
SMA = Sum(Close)
VPR = VWMA(Fast MA period) / SMA(Fast MA period)
VM = (Sum(Volume, Fast MA period) * Slow MA period) / (Sum(Volume, Slow MA period) * Fast MA period)
