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Random article: Current Account Balance
Current account balance of the state represents the difference between the amount of payments transferred abroad and amounts of payments coming from abroad. If external payments exceeds payments sent to other states and international organizations, then current balance is called active (surplus takes place), in the opposite case it is stated that negative balance emerged (credit balance). Value of current account is published quarterly, in the middle of the month around 10:00 a.m EST (New York). Market respond to published value is minor. Active balance is a positive factor for national currency.
In measurement formula for Joe Granville indicator, close prices compared with the purpose of adding or deducting of volume, whereas Williams' indicator open and close prices are compared. Marc Chaikin compares close prices with the middle of range from minimum to maximum. The history of indicator is interesting on its own. In Larry Williams formula, Chaikin substituted open price for price of range. The reason of change was not that he considered it wrong, but that he was not able to find data on prices of opening. That time prices were taken from daily papers, which, due to some reason, stopped publishing prices of opening.
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