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Date/Time: Mon, 06 May 2024 05:15:51 +0000

Post From: Colour Bar study

[2014-10-08 02:17:21] Link To Thread - Link To Post [Go To First Post]
Shane - Posts: 31
This is not that difficult to do. Average trade size is easy to calculate using a tick chart (SC calls it a "number of trades per bar" chart). Each bar is a fixed number of trades you define, say 1000 as an example. Add a volume study. Your formula is then: volume / 1000. This is the average trade size. If you want to display this value on some other kind of chart, you use study/price overlay to move it to the target chart and then a color bar by alert condition on the target chart that references the study/price overlay study. I do this now and display average trade size above a certain threshold on range bar charts. regards, shane