Volume Dollars

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Volume Dollars

Volume is the total number of units traded in a particular instrument in a day.

The Volume Dollars indicator plots the total turnover of a trading day by multiplying the Close of the day by the Volume of the day.

The Volume dollars is plotted in Red below:




A Simple Moving Average line is then superimposed over the Volume line, plotted as the Blue line in the image above.

The moving average line averages the volume levels for the previous number of days as defined in the MA Periods parameter of the Volume Dollars Properties dialog box.

vol$ prpts.png

By default these periods are set at a value of 200.

For a more sensitive Moving Average a lower value can be set.





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