Volume Price Statistics (VPS)
The Volume Price Statistics indicator provides the user with a variety of statistical measures based on the volume at price.
The Volume Price Statistics indicator provides the user with a variety of statistical measures based on the volume at price.
The Statistics Indicator computes statistical measures (MIN, MAX, AVG, STD DEV) on a price types for a specified period, e.g. 100 period standard deviation of closing price.
This indicator allows the user to calculate a variety of statistical results for any quotepage list of symbols, on any available technical indicator. The current list of available statistical results include Average, Sum, Maximum, Minimum, Percent of Average, Percent of Total, Percent Difference from Average, Relative Strength, Instruments with Data (Bars). For instance, you can calculate the average volume for a quotepage of symbols that contains the Nasdaq 100. You can calculate the average percent change on a quotepage that contains the S&P 500. You can calculate the maximum, minimum, average, or total spread on a quotepage that contains all optionable stocks. You can calculate the average (maximum, minimum) MACD (RSI, CCI, FASTD) for a quotepage that contains the DJI 30. You can calculate how many instruments in a quotepage evaluated TRUE for a given condition (using scan as the indicator). The possible combinations are expansive. As this indicator can be added to a chart, these values can be seen historically for all of the past bars. In order for this to work accurately, you must ensure that you have complete data on each of the symbols in the quotepage. You can verify this after adding the QuotePage Statistic indicator (QStat) to your chart by pointing to each bar. The feedback you see for each bar in the pane title for QStat will show how many symbols in the quotepage had bars on file for that time slot.
What is the maximum distance that price moves from the open of the day session each day? What is the average max move? What is the median max move? How often does price open in previous days range? When opening opening in range, how often does it touch both the previous days high and low? How often does it touch neither?