VPCI -- volume-price indicator

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the VPCI (volume-price contradiction/confirmation indicator) is designed to detect moves in trending markets. it is not very useful in flat or sideways markets because the nature of moving averages is to settle to a single value if there is little change over extended time. however, the VPCI is very powerful in trending markets- much more accurate than OBV by values of abt 10:1. the VPCI must be used together with a trending indicator to obtain vector, such as MACD.

if your platform doesn't offer VPCI, you can generate it via spreadsheet. this link describes the algorithm... https://www.mta.org/eweb/docs/2007DowAward.pdf.

this is a very new indicator that recently won a major award.