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Is there an efs study that calculates average volume by intraday time period (first half hour average volume, for example) over a number of days?
If not, is this even feasible?
If not, is this even feasible?
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Why was this moved? This is not a new study suggestion. I wanted to know how to calculate the avg volume for intraday periods. -
Miami FL
Here is how I would start...
How many minutes in a trading day? Let's say it is 400
What is the interval of the chart? Assume 5 min
How many bars are in the trading day? 400/5=80, right?
If you want to avg the volume bars, take the current volume, the valume from 80*1 bars ago (yesterdays volume for the comparable time frame), plus the volume from 80*2 bars ago, plus 80*3 etc, then divide by the number of days you are looking back.Comment
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dloomis-
Thanks for the response. I actually have got it working and am overlaying the last n days avg cumulative volume over today's cumulative volume. I retrieved values by finding the correct bar offset for each trading day looking back n periods.
MiamiComment
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