How might I go about creating a flex meter that measures volume / sec or volume / min for the current bar or a fixed interval of time? I see the input for custom indicators, can I copy the indicator Bar Statistics to create a custom indicator? Thanks!
Import this chart and let me know if it gives you what you're after. It's measuring the volume per second of current bar, and the scale is based on volume per second of all bars of the session.
https://www.linnsoft.com/charts/fm-volumepersecond-es
Thanks for the help. I think it is. Might want to do some tinkering, as I need to learn RTL anyways. One follow up question though.. is there a way to mix periodicity on a chart? I.e. view volume / sec for the past X minutes regardless of chart periodicity?
Lets say I wanted to see volume per second of the past 5 minutes
I believe I could do
VB / 600 with the VB preferences being :
Result: Total Volume
Statistic: Sum
Period: 5
If it were a 1 minute chart. But I am using a Renko. Is that setup correct, and is there a way to change the periodicity for a specific indicator? Thanks
Import this chart..
https://www.linnsoft.com/charts/fm-volumepersecond-es
For that custom indicator, I used MPD to sum up the volume of past 30 10-second bars (5 minutes) and divided that volume summation by 300 (seconds). You may choose to manually enter the min/max scaling instead of letting it automated from current session min/max (manual on that might be 0 to 200).
Terrific. I see how it was done and have lots to play with now. Thanks for your help.