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Relative Volume aka CSI (Cumulative Sheep Index)


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Relative Volume aka CSI (Cumulative Sheep Index)

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  #1 (permalink)
 Gianni78bari 
Bari, Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 78 since May 2018
Thanks: 108 given, 43 received

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

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pjsgsy
St. Peter Port, Guernsey, UK
 
 
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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...

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 crolic 
bucharest
 
Experience: Beginner
Platform: MT4
Trading: forex
 
Posts: 1 since May 2015
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Gianni78bari View Post
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

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 Gianni78bari 
Bari, Italy
 
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 78 since May 2018
Thanks: 108 given, 43 received


crolic View Post
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

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

Hope it helps

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