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Date/Time: Wed, 08 May 2024 22:17:40 +0000

Post From: View developing daily Range/Volume compared to previous (x)

[2013-11-01 08:14:08] Link To Thread - Link To Post [Go To First Post]
Marmany - Posts: 303
Tom, thanks. This study also provides basis I can work from for another study currently calculated from a spreadsheet - cumulative volume at current time today vs cumulative volume at same time yesterday. The value yields useful info when scanning a market to day trade eg > 150% = strong likely to break to new highs / lows < 80% = weak market likely to revert to daily mean If day vol starts to fall during the session, this indicates deceleration and likely to be dangerous for trend following or break out entries. Will post code if succesful in developing a useful study.