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Registered User Joined: 10/7/2004 Posts: 1,178
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Bruce, please provide an indicator that contrasts Average Volume Today with AvgV496 in percentage terms.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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V as a percentage of the current AVGV496 can be written as follows.
100 * (V / AVGV496 - 1)
If you want to use the previous AVGV496 then you would add one to the bars ago parameter.
100 * (V / AVGV496.1 - 1)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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Thanks, just what I need. Have a nice weekend!
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Registered User Joined: 10/7/2004 Posts: 1,178
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One more question...
For yesterday, wouldn't the fomula be as follows with V1 instead of V?
100 * (V1 / AVGV496.1 - 1)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Well if you wanted the yesterday version of 100 * (V / AVGV496 - 1), then yes. But the version I gave compared the current volume to the previous average volume on purpose.
You might want to think for a bit about why you might want to do that. Comparing to the current average volume and the previous average volume are different and both are valid. Imagine a high volume day, when you include the current volume in that average, you are in some sense inflating the average volume. It probably isn't going to make a big difference when using such a long period in any case.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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I want to contrast yesterday's volume, not with today's AvgV496, but with yesterdays' Average Volume over 496 days.
So, then, what formula?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I guess it wasn't entirely obvious from my answer, but your formula would do that (the formula from your Friday, January 04, 2019 3:26:26 PM ET post).
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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Bruce, please confirm these are correct before I complete formulas for previous days:
For today:
100 * (V / AVGV496 - 1)
For yesterday:
100 * (V1 / AVGV496.1 - 1)
For two days ago:
100 * (V2 / AVGV496.2 - 1)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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All three are correct.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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Thanks again!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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