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Date/Time: Wed, 27 Nov 2024 18:53:29 +0000



Post From: Relative Volume Based on recent bars and not days

[2021-12-30 17:12:22]
User8135477 - Posts: 115
it says: "The number of previous bars used in the average calculation is controlled by the Period - Days to Include Input.", it seems like if you would use 1-min chart, then 5 previous bars is used to calculate, that would be 5 minutes.

I don't think that is a correct interpretation if you continue to read the description. I've copied the relevant part below:

For each chart bar, the bar volume is expressed as a percentage of the average volume for previous bars with the same starting time. For example, the 9:30:00 bar for the current day is compared against the average of the previous 9:30:00 bars. The number of previous bars used in the average calculation is controlled by the Period - Days to Include Input.