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In his article "Elastic Volume Weighted Moving Average (eVWMAV)," Christian P. Fries introduces the eVWMAV indicator.
To create this indicator, in MetaStock, select the Indicator Builder from the Tools menu. Then click New and enter the formula as listed below:
eVWMAV
n:=Input("Enter the number of shares:",100000000,100000000000,100000000);
eVWMA:=((n-V)*PREV+(V*C))/n;
eVWMA
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