Average Balance Volume ABV

average_balance_volume

Function Name: average_balance_volume

Tags: Moving Average

Category: Price, Volume

ABV is simply a modified moving average of on balance volume

The idea behind this indicator is that volume precedes price movement, so if a security is seeing an increasing ABV it is a signal that volume is increasing on upward price moves. Decreases mean that the security is seeing increasing volume on down days.

Parameters

Period
	Default Value: 12 \| Minimum: 2 \| Maximum: 9999
	Type: Numeric