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House Price Index (DCLG HPI) is calculated according to the data collected from the Department of Communities and Local Government. Its calculation uses method of determination of weighted average and price dynamics for a definite period of time. This calculation method is more reliable in contrast to the method of simple averages affected by such collateral figures as location of real estate, shares of various property etc. The index helps to conduct price monitoring of sold residential property. Growth of index is a positive signal for consolidation of national currency. Although market influence of DCLG HPI is inferior, because the data serving its measurement was already published earlier and open for the market.
Popular article: Chaikin Oscillator
It is commonly known that the concept of Accumulation /Distribution indicator is contained in the theory stating that force of pressure of purchasers or vendors can be calculated in relation to Close price to High and Low of a respective time period. In other words, it can be stated that when price closes in the upper half of trade range (distance between High and Low), purchasers dominate on the market, or when price closes in the bottom half of trade range, there is a pressure from the side of vendors.
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