I would like to have Dollar Volume as an indicator. Dollar Volume is defined as Volume times the current price. BUT, and this is how I find it most helpful, I'd like to have 2 factors in the equation. X period MA of the volume times the X MA of the price. These expose the true heavy dollar volume leaders versus just the daily poppers to the top of the list. This is very valuable when using Rank in List.
In the screenshot you can see I have used the 30 day volume * the current price to compute the Dollar Volume.
Thanks in Advance!
In the screenshot you can see I have used the 30 day volume * the current price to compute the Dollar Volume.
Thanks in Advance!
Rename
The finantic.Indicators extensoon contains the AvgTurnover indicator. That is what you are looking for.
QUOTE:
X period MA of the volume times the X MA of the price.
Alternatively to what DrKoch has suggested:
1. Use the built-in MathIndOpInd indicator, choosing SMA of Volume as Indicator1, "Multiply" as the Operation, and SMA of Price as your Indicator2.
2. Create a custom indicator in C# and use WL8 as an admin user to access it. It'd be a one-liner by its logic.
Quick question. Maybe I'm missing it, but is SMA of volume an available indicator? Without custom building.
QUOTE:
Quick question. Maybe I'm missing it, but is SMA of volume an available indicator? Without custom building.
Yes. Follow the directions given by Eugene in Post #2 for a solution to your original post.
In any case, if you want a succinct example of the SMA of volume then bring up a chart, drag the SMA indicator to it, and set the Source field to Volume.
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