Frustrated by dealing with intraday volumes, and the impossibility to have a reliable moving average, I coded this MA based on the volumes recorded at the same time of previous trading days. The code returns the average of the same time for the previous “d” days (in black) and a 1 sigma deviation up and down (in blue).
Blue skies!!
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somma=0 //computation of average delta=round(highest[144](intradaybarindex)+1) for i=1 to p somma=somma+volume[i*delta] next fin=somma/p //computation of standard deviation sc=0 for i=1 to p sc=sc+sqr(volume[i*delta]-fin) next scar=sqrt(sc/p) return fin,fin+scar coloured (0,150,255), max(0,fin-scar) coloured (0,150,255) |
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Thanks!
Hello, thanks for sharing! Getting a message that Variable P is undefined?
Intraday Average Volume Indicator Not working, what can i do plz