Here is our Intraday Volume Breakout Indicator.
It computes the average volume for any given intraday barinterval according to the time of day.
If the current bar volume exceeds the threshold, set by percentage above the average, you will hear an alarm.
This Indicator works on 5 minutes or longer bars only. Make sure the start and stop times on your charts are set to regular trading session hours.
This Indicator will not work on Tick, Daily, Weekly or Monthly Bars.
Its two inputs are user defined.
Length is the look back period in days.
Percentage Breakout is the trigger thershold in percentage above average volume.
Click here to download the EFS ......requires eSignal v7.9
More details in the PDF to be released early next week. The timebomb for this version expires on July 1st, 2005.
It computes the average volume for any given intraday barinterval according to the time of day.
If the current bar volume exceeds the threshold, set by percentage above the average, you will hear an alarm.
This Indicator works on 5 minutes or longer bars only. Make sure the start and stop times on your charts are set to regular trading session hours.
This Indicator will not work on Tick, Daily, Weekly or Monthly Bars.
Its two inputs are user defined.
Length is the look back period in days.
Percentage Breakout is the trigger thershold in percentage above average volume.
Click here to download the EFS ......requires eSignal v7.9
More details in the PDF to be released early next week. The timebomb for this version expires on July 1st, 2005.
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