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Normalized Period Volume Rate this Topic:
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a3ctrader
Posted : Wednesday, July 20, 2016 9:58:13 AM
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Joined: 11/2/2015
Posts: 28

I would like a PCF for an indicator that would normalize period volume. The basic formula would be:

 

(V/AVGV20)*100

 

However, instead of averaging the most recent 20 periods I would like it to only average the same time periods. For example, if we are looking at the open on a 30-minute chart, I would like the 20 period average to only use the open of each day for the most recent 20 days. That way you are comparing the same time periods from different days to create a more accurate average volume for that specific time period.

StockGuy
Posted : Wednesday, July 20, 2016 11:45:12 AM

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Joined: 9/30/2004
Posts: 9,187

That's essentially what Volume Buzz shows you except that it used the last 100 days, not 20.

A stock's volume for the current day (let's say at 11:32am) is compared to its average historical volume for the same percentage of the day. The volume buzz tells you how far ahead or behind the stock is based on its normal historical activity. A volume buzz of +250% means the stock is trading 250% more than normal for this portion of the day. A figure of -50% means the stock is trading at only half of its norm for this portion of the day. A figure of 0 means nothing unusual is going on in either direction.

 

a3ctrader
Posted : Wednesday, July 20, 2016 1:14:26 PM
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Joined: 11/2/2015
Posts: 28

The way I understand it is that Volume Buzz displays the total volume up to that point in time of day as compared to the previous days at that same point in time of day. I want to my set chart periods (5 min, 15 min or 30 min) to be compared to the same periods over the past 20 days. So if we are looking at a 5 min chart I want the period from 9:35 to 9:40 to be compared to the average volume from 9:35 to 9:40 over the past 20 days.

StockGuy
Posted : Wednesday, July 20, 2016 1:33:44 PM

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Joined: 9/30/2004
Posts: 9,187

Gotcha, sorry, there's not a way to do that in TC2000.

diceman
Posted : Wednesday, July 20, 2016 11:56:50 PM
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Joined: 1/28/2005
Posts: 6,049

a3ctrader

 

If I understand what you are asking you may want to try this:

 

V/((V13+V26+V39+V52+V65+V78+V91+V104+V117+V130+V143+V156+V169+V182+V195+V208+V221+V234+V247+V260)/20)

 

Its for a 30min chart.

You cant really go smaller as there are only 500 bars of data.

 

 

Thanks

 

 

 

a3ctrader
Posted : Thursday, July 21, 2016 11:49:14 PM
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Joined: 11/2/2015
Posts: 28

Perfect! Thank you.

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