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Hi,
I have a question regarding the way an average volume indicator is calculated.
On my main chart, I have the usual price chart movement. Below I put the typical volume bar chart, on which I have added the avgv90 line, as well as the avgv90*3 line.
On a daily chart, I understant avgv90 is the average volume for the last 90 days.
Once I switch to a 5-min chart I still have that avgv90 line. The volume bar chart now shows volume for 5-min intervals. At that point, what does the '90' refer to: 90 days or 90 5-min candles? I believe it is the latter but I would love to confirmation from an expert.
I hope this is clear...
Thanks. TC2000 rocks!
Frederic
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