Volume Price Confirmation Indicator (VPCI)

Category: volume, momentum

The Volume Price Confirmation Indicator (VPCI) measures the relationship between price trends and volume to confirm the strength of a price move or signal potential reversals.

Formula

VPCI = (VWMA_{slow} - SMA_{slow}) \times \frac{VWMA_{fast}}{SMA_{fast}} \times \frac{Volume_{fast} \cdot Period_{slow}}{Volume_{slow} \cdot Period_{fast}} \div Point^2

Inputs

• InpPeriodSlow (default: 50)
• InpPeriodFast (default: 10)

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