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Profile: fredericf
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User Name: fredericf
Groups: Gold User, Member, TeleChart
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Joined: Tuesday, July 25, 2017
Last Visit: Wednesday, October 13, 2021 6:42:37 AM
Number of Posts: 3
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Last 10 Posts
Topic: Average Volume formula
Posted: Saturday, November 4, 2017 2:31:14 PM

Ok. Thanks!
Topic: Average Volume formula
Posted: Saturday, November 4, 2017 4:08:37 AM

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
Topic: Intro to Writing TC2000 Formulas
Posted: Wednesday, July 26, 2017 4:11:58 AM

That helped me, thanks.