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LastBattle
26 ago 2015 21:05

Dollar normalized volume 

Descrizione

An indicator that multiply the closing price with the current volume. (close X volume)

This will show the relative interest in the underlying asset regardless of the price change over time. For the case of FXCM, when the price fell from $16 to $1, its volume spiked 16x at the same time given the fact that 16x more shares can now be purchased with the same amount of dollar.

Enjoy! and remember to give a thumbs up.
Commenti
dp
Very healthy idea, thanks.
zaki_smarter
Hi @LastBattle

Awesome idea! Would you be able to code this to be a "Cumulative DNV" ? That would be awesome for intraday/FIFO
stinkbug
i cant tellt he difference between normal volume and this indicator, what am i missing?
LastBattle
Do uncomment out the following line:

'plot(val * 1.5, title='Volume (Invisible)', color=black, transp=100, linewidth=0, style=columns)'

if you're looknig to display it on the main chart itself:

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