Average Dollar Volume

9 paź

This is average dollar volume ADV meaning:
Value of shares traded in a day in dollars averaged X bars back.

FX rate to usd (1 if price in USD) * Average price X bars back * Average Volume X bars back.
X is the value you can choose.
You can choose to only display 1 of 2 X(lengths).
As standard, first length is 200 and second is 20. so basically

23 paź

Informacje o Wersji

Now uses sum of individual daily dollar volume over X bars back. This reduces lag a lot when there is extreme volume and/or price changes.

7 dni temu

Informacje o Wersji

Now uses Close values as previous was ohlc4.
This script is now industry standard way of calculation.
Uses Daily values on all timeframes your chart is set at