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Plot for Average Minute Volume Rate this Topic:
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oodles
Posted : Saturday, April 21, 2012 12:13:56 PM

Registered User
Joined: 1/20/2005
Posts: 129

Hi Bruce,  Without bothering you, I tried to write a RealCode indicator to show how average minute volume progresses since the market open but it didn't come close to working:

Plot = VolumeToday / MinutesMarketIsOpen

I would appreciate it if you would write it properly.  Also,

a) Each day should be considered on its own from the market open 9:30AM EST.

b) I watch 5-min candles most often but switch to several different intraday timeframes (in case that matters).

In advance, thanks.  Richard

Bruce_L
Posted : Monday, April 23, 2012 8:28:14 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Please try the following RealCode Indicator:

'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:Average Minute Volume
'|******************************************************************
Static Sum As Single
If isFirstBar Then
	Sum = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	Sum = 0
End If
Sum += Volume.Value
Plot = 100 * Sum / (Price.DateValue.Hour * 60 + Price.DateValue.Minute - 570)


-Bruce
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