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Registered User
Joined: 9/13/2008
Posts: 99
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On an intraday 5-min chart I placed a DatePointer @ 10:00am on the last trading day.
I want a new watchlist column that will show the result of the percentage of volume the stock is trading today so far compared to the value of what the 23-Day SMA of Volume for the stock is so far on the day that the DatePointer sits on.
In other words, at 10:00am where DatePointer sits, how much is this stock trading compared to the last 23 days at 10am (on average)? Is it trading twice the shares by 10am it does on avg by 10am? Or half the shares?
In order to do this, one would need to:
1. Figure out what timeframe the chart is in
2. Figure out how many bars into the current day the DatePointer is set at (10am for a 5-min chart would be 6 bars in)
3. Divide the number of bars into the current day the DatePointer is at by the total number of bars in a day for the timeframe setting. (e.g. at 10am, the DatePointer is set at the 6th bar out of 78 for the day, so the day is about 7.7% over at the placement of the DatePointer)
4. Take the result from #3, in my example its 7.7%, and multiply that by the 23-day SMA of volume. This will give us the avg volume that this stock has done in the last 23 days after its 7.7% through the day.
5. Take the cumulative volume so far for the day up-to-but-not-past the DatePointer, and divide this by the result from #4. This will give us the % volume that the stock is trading at the placement of the DatePointer compared to what it has traded over the past 23 days, on average by that time (10am in our example).
The result of #5 is what I want to display on the watchlist column.
How do I build a block diagram to accomplish this?
Thank you in advance,
_mad
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You should be able to Open the attached Layout directly into a running copy of StockFinder. It uses the RealCode Volume Surge Indicator given in Above Average Volume. Attachments:
m_badger42414.sfLayout - 38 KB, downloaded 541 time(s).
-Bruce
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Registered User
Joined: 9/13/2008
Posts: 99
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Bruce,
Once again, Thank You.
Yet another +1 for Worden's support team.
_mad
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
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 Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Bruce how is this different than Vol Buzz in FSC?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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thnkbigr,
I really don't know. I doubt they can answer either (because they don't know how this one is calculated), but all questions, comments and suggestions related to FreeStockCharts.com should be addressed to:
feedback@freestockcharts.com
-Bruce
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