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Average Intraday Volume

by Caleb, 2966 days ago
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This function calculates the average volume during a period of time in the previous days. Given a start and end time, it counts the number of bars and the cumulative volume that occurred within this period and then divide the cumulative volume by the number of bars. Another parameter allows you to define the number of past days to analyze when measuring the average intraday volume.

The Average Intraday Volume contains the following parameters:
Start Hour: The hour component of the start period
Start Minute: The minute component of the start period
End Hour: The hour component of the end period
End Minute: The minute component of the end period
Past Days: Number of look back days

Example: (Hourly Time frame)

Calculates the average volume in the first trading hour of the past 5 days

a = YVolumeAvg(9, 30, 10, 30, 5);
plot(a, "Average Intraday Volume in the First Hour");

Returns TRUE if the average volume in the first trading hour of the past 2 days is higher than the average volume (first hour) of the past 10 days:
rule = YVolumeAvg(9, 30, 10, 30, 2) > YVolumeAvg(9, 30, 10, 30, 10);


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Type: Trading Indicator

Object ID: 1058


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Style:
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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.