Volume Avg (Indicator)
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Input Information
| Name | Expression | Default | Description |
| Price | Numeric | Close | EasyLanguage expression to control the coloring of the volume histogram. |
| AvgLength | Numeric | 50 | Period, expressed in bars, for which to calculate the average volume. |
| AlertPct | Numeric | 50 | Percentage by which volume must be greater than the average. |
| UpColor | Numeric | Cyan | Color to be used for the volume plot when the Price input's value is greater than it was one bar ago. |
| DownColor | Numeric | Red | Color to be used for the volume plot when the Price input's value is lower than it was one bar ago. |
| UnchColor | Numeric | LightGray | Color to be used for the volume plot when the Price input's value is the same as it was one bar ago. |
Market Synopsis
The Volume Average indicator plots a 50-bar average of the volume overlaid on the current volume. You can change the number of bars used to calculate the average.
This indicator contains alert criteria. When you enable the alert in the Customize Indicator dialog box, you will be notified when the current volume breaks out above the average volume by a percentage greater than the percentage specified in the input BreakoutPcnt.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | Volume | Cyan/Red/LightGray | Plots the current volume. |
| Plot2 | Volume Avg | Yellow | Plots the average of the volume. |
When applied to a chart, this indicator displays two plots in a subgraph separate from the price data.