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# Technical Studies Reference

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# Normalized Volume

This study calculates and displays a Normalized Volume.

Let \(V\) be a random variable denoting the Volume, and let \(V_t\) be the value of the Volume at Index \(t\). Let the Input **Length** be denoted as \(n\). Then we denote the **Normalized Volume** at Index \(t\) for the given Inputs as \(V^{(N)}_t(n)\), and we compute it in terms of a Simple Moving Average for \(t \geq n - 1\) as follows.

**Note**: Depending on the setting of the Input **Moving Average Type**, the Simple Moving Average in the above formula could be replaced with an Exponential Moving Average, a Linear Regression Moving Average, a Weighted Moving Average, a Wilders Moving Average, a Simple Moving Average - Skip Zeros, or a Smoothed Moving Average.

This study also displays horizontal lines at levels determined by the **High Volume** and **Low Volume** Inputs.

#### Inputs

#### Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.

Open it through **File >> Open Spreadsheet**.

*Last modified Wednesday, 28th September, 2022.