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Numbers Bars Avg Volume Per Price Graph
This study calculates and displays the Average Volume Per Price for each bar.
Let \(V_t\) and \(N_t^{(P)}\) denote the Volume and Number of Prices, respectively, at the chart bar with Index \(t\). The value of \(N_t^{(P)}\) can be accessed via the ACSIL Interface Member sc.VolumeAtPriceForBars. The Average Volume Per Price is at Index \(t\) is denoted as \(\overline{VPP}_t\), and it is computed as follows.
\(\overline{VPP}_t = \left\{ \begin{matrix} \frac{V_t}{N_t^{(P)}} & N_t^{(P)} \neq 0 \\ 0 & N_t^{(P)} = 0 \end{matrix}\right .\)Inputs
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Spreadsheet
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*Last modified Wednesday, 28th September, 2022.