I hope the community finds this indicator useful. A negative result means that the current bar has below average volume and a positive result means the current bar has greater than average volume.īe aware that the greater the number of days being averaged and the shorter the duration of the bars, the longer it'll take to plot the values. ![]() It then compares the volume of the current bar to the average volume for that time of day. It calculates the average volume for the bar with the same Close() time over the previous X number of days. If you do so, it will, at best, show nothing. ![]() ![]() It is based on time, so cannot be used on non-time-based bars. I have manually gathered volume data and performed the calculations to verify that the indicator is accurate.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |