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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Average Volume formula

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fredericf
Posted : Saturday, November 4, 2017 4:08:37 AM
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Joined: 7/25/2017
Posts: 3

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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bcochrane
Posted : Saturday, November 4, 2017 8:39:58 AM
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Joined: 9/17/2010
Posts: 484

Refers to 90 5 Min candles. All indicators or data on a chart are one and only one time frame
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fredericf
Posted : Saturday, November 4, 2017 2:31:14 PM
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Joined: 7/25/2017
Posts: 3

Ok. Thanks!
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