Volume Price Confirmation Indicator VPCI
VPCI means Volume Price Confirmation Indicator.
This indicator was created by Buff Dormeiers in an effort to codify price volume confirmation in an indicator.
VPCI won the Dow award in 2007.
You can build profitable trading system with VPCI like John Bollinger did.
This indicator is now available with Metatrader platform.
Inputs of the indicator are:
- MA_ShortPeriod: short period of moving averages to be used for calculations
- MA_LongPeriod: long period of moving average used for calculations
- MA_Shift: shift in bars for the calculation
The indicator displays in a separate window of the main chart:
- VPCI line
- VPCI smoothed line