average and most volume price in bar

Questions about MultiCharts and user contributed studies.
andydandy
Posts: 9
Joined: 21 Oct 2009

average and most volume price in bar

Postby andydandy » 17 May 2010

this is a suggestion about primary data feed

to compute the price that most and average volume happened within a bar.
i think that this particular information will help building averages and other studies more efficienly than using the closing price.

these 2 extra data prices are not tottaly arbitrary like the closing price they can be viewed as
sequencial (for bar interval) volume weighted data price...

from a coding point of view it will be quite hard and resource demanding for users to access such info

i dont know if the subject has been allready adressed but i would like to hear your input about it

regards

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Dave Masalov
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Postby Dave Masalov » 18 May 2010

Dear andydandy,

There are no build-in functions to calculate the average price within a bar. You can do it in the code using the following principle (o +h +l + c ) / 4.


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