Volume Avg (Indicator)

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image\volume_average.gif

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.
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.

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.