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Date/Time: Wed, 27 Nov 2024 18:42:13 +0000



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

[2023-01-06 05:43:17]
Trade Dojo - Posts: 45
I understand that this is an old question but it does not have the answer yet. I tried the ColorVolume Study Collection but it does not have what I need.

I'm using Volume-based candle chart, let's say 5000. However, I'm looking for a way to have an output to a label (I know how to do this part) of the last 5-minute volume compare to the last 5 x 5-minute bars in term of %. For instance, SMA(5x5-min vol) = x, and the latest 5-min vol = y, I'd like to see what y * 100.0/x = value on a label on my 5000-volume candle chart.

I hope I made myself clear.

I thought about a simple 5-minute candle chart for this purpose and link the value to my 5K candle chart. If that's possible, could you guys help me on this?