Average Dollar Volume

9. Okt.

This is average dollar volume ADV meaning:
Value of shares traded in a day in dollars averaged X bars back.

FX rate to usd (1 if price in USD) * Average price X bars back * Average Volume X bars back.
X is the value you can choose.
You can choose to only display 1 of 2 X(lengths).
As standard, first length is 200 and second is 20. so basically

23. Okt.

Versionshinweise

Now uses sum of individual daily dollar volume over X bars back. This reduces lag a lot when there is extreme volume and/or price changes.

27. Okt.

Versionshinweise

Now uses Close values as previous was ohlc4.
This script is now industry standard way of calculation.
Uses Daily values on all timeframes your chart is set at