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Date/Time: Thu, 28 Nov 2024 20:36:01 +0000



Post From: Ichimoku stdycollct / cannot use it

[2023-04-05 20:45:21]
John - SC Support - Posts: 36350
We have updated the CumulativeSheepIndex.stdycollct, so you can now use it.

It is intended to be used on Intraday bars, as it is comparing the volume at the time of a given bar with the past 20 days of volume at that same time to get an average volume for that time. It is then taking the difference of the Volume at that time with the Average Volume to give you an indicator.

You will want to refer to the information for the Relative Volume study to understand how this works:
Relative Volume

This is just a collection of standard studies, so you can change anything you want within it. If you want to compare against the last 20 bars, then you would use a Moving Average instead of the Relative Volume study.
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