I need an AFL which will automatically create CONSTANT VOLUME BAR CHARTS(CVB) and the volume value of the CVB should be calculated by dividing the total volume of the previous day by 7. Experts please help. Thanks in advance
you must know each has different volume behaviour.
a scrip with 4000 price may have far less volumes.
you need to know what the reference volume is.
reference can be average volume over certain periods.
daily volume average on a 5minute chart
IN A DAY YOU GOT 78 BARS OF 5 MINUTES.
MA78 =MA(V,78) ON 5 MIN CHART CAN BECOM ONE YARD STICK
THINK IN THAT DIRECTION
onething to remember
you said in your first post
//I need an AFL which will automatically create CONSTANT Volume BAR CHARTS(CVB) AND
//the Volume value of the CVB should be calculated by dividing the total Volume of the previous Day by 7.
The total volume is given by vwap formula. gt it then divide by 7.
total volume of prev day=ref(vwap,-1)