Relative Volume aka CSI (Cumulative Sheep Index)

January 1st, 2019, 12:52 PM

Relative Volume aka CSI (Cumulative Sheep Index) is calculated as follows:
Cumulative Volume = total volume so far at any point in the day
Average Cumulative Volume = the average cumulative volume so far at any point in the day for the past N days.
CSI = Average Cumulative Volume - Cumulative Volume so far.
I can't see (neither in the properties nor in the script) how to change the relative N days in order to calculate the Avarage Cumulative Volume. I can't even see how many days are used by default

January 10th, 2019, 02:11 AM

I believe it simply uses whatever time frame you have set on your chat - 30 days seems appropriate (IMO). So, a 30 day 5 minute chart gives you the volume on the current day relative to the last 30 days...

March 13th, 2019, 04:29 AM

Gianni78bari

Relative Volume aka CSI (Cumulative Sheep Index) is calculated as follows:
Cumulative Volume = total volume so far at any point in the day
Average Cumulative Volume = the average cumulative volume so far at any point in the day for the past N days.
CSI = Average Cumulative Volume - Cumulative Volume so far.
I can't see (neither in the properties nor in the script) how to change the relative N days in order to calculate the Avarage Cumulative Volume. I can't even see how many days are used by default

Hi Gianni,

Is this indicator available for download in the elite members, I don't seem to find it for NT8.

Thank you,
Dumitru

March 13th, 2019, 05:51 AM

crolic

Hi Gianni,

Is this indicator available for download in the elite members, I don't seem to find it for NT8.

Thank you,
Dumitru

Search for jtrelativevolume
this is the link

Download: JTRelativeVolume

Relative Volume aka CSI (Cumulative Sheep Index) I have had this indicator converted from NT7 for use on NT8 This indicator shows volume at the time of day relative to the prior n days. This is very useful in terms of identifying when volume is …

tradertom2012

I found useful also this indicator by fatTails
https://nexusfi.com/local_links_sort.php?catid=27&filter=&sort=d&page=1&pp=10&keyid=743

Hope it helps

Relative Volume aka CSI (Cumulative Sheep Index)

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Relative Volume aka CSI (Cumulative Sheep Index)