What Is The Elastic Volume Weighted Moving Average & How To Trade With It

Elastic Volume Weighted Moving Average

The Elastic Volume Weighted Moving Average a.k.a. eVWMA is a type of moving average. It uses volume to measure the period of moving average. Christian P. Fries introduced the eVWMA to replace the standard moving averages. He gave the concept that moving averages should be volume-weighted. He called it the N-volume weighted moving average, where N is the averaging period like the number of days. This gave him two volume-weighted moving averages; Standard Volume Weighted Moving Average and Elastic Volume Weighted Moving Average. What is the Elastic Volume Weighted Moving Average? By using N-volume, the author described eVWMA as an …READ MORE