The indicator “Buff Averages” plots two moving averages based on the candlestick price and volume.
For each bar, the indicator calculates the sum of the volume over a number of bars specified in the ‘fastAVG’ and ‘slowAVG’ parameters, and then it sums the following formula: price multiplied by volume and then divided by the previously calculated sum of volume.
Original idea and code : “BUff Up Your Moving Averages”, Buff Dormeier, S&C Magazine, Traders Tips, 02/2001
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//PRC_Buff Averages | indicator //23.08.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings //fastAVG = 5 //slowAVG = 20 // --- end of settings price = customclose fast = Summation[fastAVG]( Volume * price) / Summation[fastAVG]( Volume ) slow = Summation[slowAVG]( Volume * price) / Summation[slowAVG]( Volume ) RETURN fast coloured(30,144,255) style(line,2) as "fast Buff Average", slow coloured(220,20,60) style(line,2) as "slow Buff Averages" |
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Is there any way to build something similar for FX? I wonder what would be the replacement for volume…