Percentage Volume Oscillator — MACD's construction applied to volume instead
of price, expressed as a percentage of the slow average.
The percentage normalisation is the point: raw volume differences are not
comparable across symbols or across a decade of one symbol, whereas "the fast
average is 12 percent above the slow one" is.
Percentage Volume Oscillator — MACD's construction applied to volume instead of price, expressed as a percentage of the slow average.
The percentage normalisation is the point: raw volume differences are not comparable across symbols or across a decade of one symbol, whereas "the fast average is 12 percent above the slow one" is.