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Relative Volume (amaRelativeVolume)
Version 1.1 July 21, 2017
Only to be used with minute or daily charts.
The
Relative Volume
indicator measures the volume of a minute bar or a daily bar against the average volume for the same time of the day over the preceding n days. The indicator comes with two different options to calculate the relative volume:
All_Days:
Today's volume is compared to the average volume of the N preceding business days. The default value is N = 40. With the setting "All_Days" the indicator requires the use of proper trading hours templates which match the trading day of the instrument traded. Trading hours templates that cut the week into arbitrary sessions - such as the session template 24/7 - cannot be handled by the indicator and will trigger an error message.
Day_Of_Week:
Today's volume is compared to the average volume calculated for the same day of the week over the N preceeding weeks. The default value is N = 8. With the setting "Day_Of_Week", all session templates can be handled.
Relative Volume:
The relative volume is shown as a percentage of the average volume calculated over the reference period.
Cumulated ratio:
Compares the cumulated volume of the current day to the average cumulated volume of the selected reference period.
Holidays:
Holidays as selected via the indicator dialogue box may be excluded from all calculations.
Default settings:
Relative volume bars between 80% and 120% of the normal volume are shown as white bars. Higher relative volume bars are shown as blue bars, lower relative volume bars are shown as red bars.
Category
NinjaTrader 8 Indicators and More
Details:
Relative Volume (amaRelativeVolume)
Category:
NinjaTrader 8 Indicators and More
September 4th, 2017
Size: 11.32 KB
Downloaded: 1467 times
Keywords:
cumulated
relativevolume
volume
1892
Fat Tails
Comments/ratings
tradecraft
September 14th, 2017 01:55 PM
thanks!
Japhro
September 16th, 2017 11:54 AM
Thanks Fattails for all your hard work
asklug
October 1st, 2017 11:58 AM
Thanks
GAP180
October 6th, 2017 01:10 AM
No Comment
totoscalper
November 11th, 2017 10:22 AM
grazieeeeeee thankyou
xplorer
December 15th, 2017 05:55 PM
Thanks a lot, Fat Tails.
tradingon
December 25th, 2017 07:10 PM
Thankyou Fat tails,
Very nice .... was wondering if its possible to break down the volume plots to also show whether long and short weighted
TraderYoda
December 29th, 2017 06:56 AM
Thank you very much - Outstanding work as usual!
nasta
February 17th, 2018 05:48 AM
No Comment
kiro
March 4th, 2018 11:41 PM
Thank you Harry!!
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