Registered User Joined: 10/7/2004 Posts: 1,178
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Hi Bruce,
Using a one-minute real-time chart, I've tried various overlay ideas for one-minute Histograms overlaid on candles.
The custom formula I am proposing would represent the typical contrast between yesterday's total volume divided by 390 minutes (to create a one-minute volume average for yesterday) with each one-minute volume bar today.
In addition, when working with one-minute candles, I find it's best to back up the custom formulas to base them not on the current bar (which is still calculating in real-time) but the previous bar in which the calculations are complete.
The purpose of the new custom formula I am proposing is the reduce the number of Anchors I am drawing on Gaps Up. So, when the value of today's one-minute volume bar (previous to the one that is now calculating) is less than the Yesterdays Average One-Minute Volume, then I would not Anchor a One-Minute Gap Up.
I am most appreciative of your help, as always,
traderlady
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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So do you want a condition formula like the following?
V1 < AVGV390.1
Or an indicator formula more like the following?
100 * (V1 / AVGV390.1 - 1)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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