Indicators
averageVolume
Average Volume Algo
averageVolume (tick)
Average Volume Algo
Input parameters
| Prop | Type | Default | Description |
|---|---|---|---|
minutes | number | 20 | Minutes to calculate average volume |
SQL example
TICK averageVolume > 1000 THEN order SET size=100, transmit=truewma
Weighted Moving Average (WMA) is a moving average that assigns different weights to data points, with more recent prices having higher weights. It responds more quickly to price changes than a Simple Moving Average, making it useful for identifying trends and potential support/resistance levels.
donchianMiddle
Donchian Channel Middle Band is the average of the upper and lower bands. It helps identify the mean price level and potential support/resistance. Price crossing this level may indicate a change in trend direction.