Joined: Oct 31, 2007
Posted: Jan 9, 2008 04:17 PM
Msg. 1 of 2
Hi, I'm interested in using a Volume Moving Average (VMA), or the equivalent indicator in ProphetX, on my one-minute chart. Currently I'm only using SMA's with minimal success. I found a definition of VMA:
Refers to the average volume of a security, commodity or index constructed in a period as short as a few minutes or as long as several years and shows trends for the latest interval. As each new variable is included in calculating the average, the last variable of the series is deleted.
I don't see VMA or anything comparable listed when I right click my chart and select, "Add Study". Does ProphetX have something like this? The closest thing I could find was to "Add Study", select Volume, go to properties and select "Line" under the Indicator box.
Joined: Sep 13, 2005
Posted: Jan 9, 2008 05:22 PM
Msg. 2 of 2
Once you've added the volume study to the chart as a separate stack, you can right click and Add Study again - select the Moving Average and when it asks which stack you want , select the volume. You can select Parameters to change the Moving Average Properties before clicking OK, or right click on the Moving Average line after it's been added and select Properties there. Hope this helps!