Thank You Akift,
Would You tell us how to programm your new indicator for 5min chart.
Start calculating...: ?
Hi erich it all depend on you.
Since you want to use it on 5 min. it is only logical to use 1 min. (or 5 min) for calculation.
Start calculation shows how far back do you want to go? If you want to the indicator start 2 days back then select 2880 min.
Sliding window means what is the length of the calculations. So if you want to see daily statistics then select 1440 for this.
Pls try to reread my post and inspect the attached pictures. It should be clear after you experiment some settings.
first, i want to thank akif for his work. these indicators are amazing .
alright, now back to the topic. i have been playing with last version trying to find the best settings, and here are my advices:
1. for last 240 minutes, use
*sliding-window-width-in-days = 0.16666667
*start-calculating-back-from-minutes = 1440
*calculate-using = 5
2. for last 1440 minutes (or last 24 hrs), use
*sliding-window-width-in-days = 1.0
*start-calculating-back-from-minutes = 4320
*calculate-using = 5 or 15 (both are reliable, but depends on your cpu)
3. for last 5 days, use
*sliding-window-width-in-days = 5.0
*start-calculating-back-from-minutes = 7200
*calculate-using = 30
here are 2 examples with vwap; pvp has been turned off.
For 5 min chart I use :
sliding window : 0.2
start calculating: 1440
calculate using: 5
reinvent the wheel
Hi everybody after reading an answer that Jperl has given to a user in TL forum, I just understood that by Market Statistics 6.2 we have just reinvented the (wheel) "Volume Weighted Moving Average"
yes we still do have extras like PVP and SD bands but VWAP in MS6.2 is just VWMA with the given period. So no big invention, sorry about that:)
For VWMA you can use Igorad's AllAverages indicator which you can find in this forum.
april , market traded that
may, braveheart people
I did collect those statistics on april -- and I got a special entry method , so as to avoid swing -- and I also use volatility related index -- to adjust for the destination ( I know better about statistics than average people )
http://www.sosmath.com/CBB/viewforum.php?f=6 -- no profanity pls
Profoundly intriguing comment...cudos
not at all in vain
I just want to say this to prevent a possible misunderstanding: only the VWAP in MSv6.2 is VWMA. Other VWAPs are still incremental. And thats why while the all of the others have an Volume histogram, v6.2 didnt have one.
When I have time I will check more in depth how we can use this information.
market statistics 7.0
Since I realized MSv6.2 is just VWMA, I created a new indicator using some code snippets from Igorad's code. And I added VW-SD bands again. So now we have MSv7.0 which does the same thing MSv6.2 does but does its job much much faster.
thanks so much akift