The Traderszone Network

Published in TZ Latest News 6 May, 2014 by The TZ Newswire Staff

Bearish: Dollar-Weighted Volume Rises While Prices Fall

Over 10 years ago, Carl Swenlin developed an indicator called Dollar-Weighted Volume (DWV).  DWV is variation of On-Balance Volume (OBV), which was developed by the late Joe Granville. DWV is calculated by multiplying the daily volume of each stock in a given market index by the closing price, then adding (or subtracting, if the stock closes down) the result to the cumulative total of DWV for the index.

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