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Chaikin Volume Accumulation Oscillator (VAO)

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The Volume Accumulation Oscillator is a volume momentum indicator developed by Mark Chaikin (177E, 77th Street, New York, NY
10021). Their simplest form is a sliding sum of daily volumes divided by the difference between the daily closing price and the midpoint of the daily price range.

It is a sensitive short term oscillator, the values ​​of which are obtained by subtracting the value of the previous day of its own ESS from the cumulative sum of the cumulative volume
length of 2 days (for the purpose of normalization, the result is then divided by the value 2-day ESS for the previous day)

Analysis of historical data shows that volume accumulation indicator can be an effective tool, especially on Long
positions.

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