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ansinzhou
Posted : Thursday, August 13, 2015 3:04:24 PM
Registered User
Joined: 10/6/2014
Posts: 34

Hi, 

Is there an indicator for the dollar amount traded for a stock on that day. 

Bruce_L
Posted : Thursday, August 13, 2015 4:20:50 PM


Worden Trainer

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

You can do a simple approximation in a daily time frame by multiplying the price times the volume.

Plot = Price.Close * Volume.Value

A slightly more sophisticated measure might involve using all of the price components, but there is no way to know if it is a closer approximation or not.

Plot = (Price.Open + Price.High + Price.Low + Price.Close) * Volume.Value / 4

You could get something which might be closer in an intraday time frame (but no guarantees) and possibly even come up with an exact number using a tick time frame (assuming there enough bars available).

'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:Dollar Volume
'|******************************************************************
Static DollarVolume As Double
If isFirstBar Then
	DollarVolume = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	DollarVolume = 0
End If
DollarVolume += Price.Last * Volume.Value
Plot = DollarVolume


-Bruce
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