Buff Averages

v10.3
Buff Averages

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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08/28/2017

576 posts • 1892 Followers
  1. avatar
    Thomas007 • 08/28/2017 #

    Is there any way to build something similar for FX? I wonder what would be the replacement for volume…

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