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On Mon, May 4, 2009 at 2:20 PM, etoketrader <etoke420@xxxxxxxxx> wrote:
Hi everybody,
I am trying to create a relative volume indicator which would plot a volume bar relative to it's moving average by timeframe.
If this is done across all timeframes, then the code would be very simple.. for example :
RelativeVol = V - MA(V,20)
However what I am looking for is to be able to compare the current volume with the MA of the equivalent bar of the same time, so for example the Volume of the 9:30 bar is compared to the moving average of the 9:30 bars of the previous 20 days.
Is there a straightforward method of coding this?
thanks!
etoke
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