Vancouver + B.C./Canada
Posts: 4 since Feb 2018
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hey all, wondering if there is an intraday study to gauge the volume of the first candle of the day relative to the amount of volume the previous N days' first 5m candles.
the use case is for when someone is very zoomed in intraday (and therefore cannot see the volume of the prior rolling N days) yet wants to know if the volume is relatively great or weak.
for example, let's pretend this blue line that i drew (in the attached image) represents the average of the first 5m candle over the last N days - the user then has a line in the sand to detect a high or low relative volume open.
thank you everyone for your consideration and contribution to a great community.
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