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OmniTrader 2013 Technical Support
Volume + 50 Day Average
Last Activity 9/16/2017 11:23 AM
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Carl T


Posts: 23

Joined: 1/29/2009
Location: Aurora, CO

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Subject : Volume + 50 Day Average
Posted : 2/18/2014 7:17 PM
Post #30977

I'm looking to add an indicator that shows the volume ach day but adds the 50-day moving average to the indicator. Any thoughts or tips on how I might be able to do that?
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Jim Dean

Posts: 2884

Joined: 9/21/2006
Location: L'ville, GA

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Subject : RE: Volume + 50 Day Average
Posted : 2/19/2014 4:30 AM
Post #30978 - In reply to #30977

Hi Carl:

Click here for a link to an OLang indicator that plots volume bars in color and applies a moving average to them using Simple Exponential or Weighted averaging. It also includes the option (can be turned off) to "clip" extreme spikes to an input multiple of the volume MA, to make the whole thing more visually understandable. You need OTPro to implement it.

It's not possible to manually plot a MA on the volume pane that uses the same scale as the volume pane. One of the longstanding OT requests has been to provide more intelligence for "child" indicator scaling so that multiple indicators on the same pane will use the same scale (or two diff scales but one on left and other on right).

OT Pro can do that though, and a million other things. It's the smartest upgrade that anyone can buy!

[Edited by Jim Dean on 2/19/2014 4:34 AM]

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