Average Volume (AV)

Category: volume

Provides a color-coded volume histogram (based on candle direction) overlaid with an Exponential Moving Average (EMA) of the tick volume.

Formula

Volume_{direction} = \begin{cases} Vol, & \text{if } Close \ge Open \\ 0, & \text{otherwise} \end{cases} \\ EMA_{current} = Volume \times \frac{2}{n+1} + EMA_{previous} \times (1 - \frac{2}{n+1})

Inputs

• maPeriod (default: 60)

See signal primitives and every published strategy that uses Average Volume (AV) on WOBR StrategyVerse.