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I guess that the formula will tell you what amount of volume would take per tick for that day, Since volume changes daily, that would hardly give you any help.
It would be of more use to track the percentage of buyers vs sellers over a period of time to find overbought and oversold markets
--- In equismetastock@xxxxxxxxxxxxxxx, formulaprimer <no_reply@xxx> wrote:
>
> Anyone find any use for this indicator called?
>
> TRsV
>
> V / ATR( 1 );
>
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