Average Volume

naquan24

Member
Good evening...on a 5 minute chart, is there a way to create a relative time volume chart so you can what the average volume was for the last 5 days for the current bar. (I.E, at 10:05am on lets say jan 5, see what the average volume was on 10:05am on Jan 4, 3rd, 2nd and 1st) and then have a line that shows if the current volume is higher or lower than the average.
 
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Good evening...on a 5 minute chart, is there a way to create a relative time volume chart so you can what the average volume was for the last 5 days for the current bar. (I.E, at 10:05am on lets say jan 5, see what the average volume was on 10:05am on Jan 4, 3rd, 2nd and 1st) and then have a line that shows if the current volume is higher or lower than the average.

This gives you the option to use the at 10:05 that bar's volume or the 5 bar (not day) average volume at that bar to create a number of days you input for an average. This excludes the current day's bar and compares it to the average. If today is greater than the average, then the label will be colored green elsewise red.

The debug option allows you to test the...
It was easier to rewrite than modify the above script for your request
This code look great!

def bars = if GetDay() == GetLastDay() and SecondsFromTime(begin) >= 0 and
SecondsTillTime(till) > 0
then bars[1] + 1
else bars[1];
def todayvol = if GetDay() == GetLastDay() and
SecondsFromTime(begin) >= 0 and SecondsTillTime(till) > 0
then todayvol[1] + volume
else todayvol[1];
plot avgtime = todayvol / bars;

Would like to know how to understand the above code.
it seem pretty tough to understand for my side.

Would be quite glad if you could assist me on understanding the code.
 
This code look great!

def bars = if GetDay() == GetLastDay() and SecondsFromTime(begin) >= 0 and
SecondsTillTime(till) > 0
then bars[1] + 1
else bars[1];
def todayvol = if GetDay() == GetLastDay() and
SecondsFromTime(begin) >= 0 and SecondsTillTime(till) > 0
then todayvol[1] + volume
else todayvol[1];
plot avgtime = todayvol / bars;

Would like to know how to understand the above code.
it seem pretty tough to understand for my side.

Would be quite glad if you could assist me on understanding the code.

It is just a way to count bars and accumulate volume.

Bars are counted only on the current (last) day between begin and till times within the seconds... code.
The reference of Bars[1] + 1 is a recursive function (referencing bars itself). It starts at the begin time with 1 and counts each bar and adds it to the previous Bars[1] count until the end time where Bars[1] holds the final count for the day.

Todayvol is doing the same as the Bars, but just accumulating volume instead.
 

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