stock777 Posted February 5, 2019 Report Share Posted February 5, 2019 I read the help file 😁 Maybe you could expand on what going on with the settings there, finding it a bit confusing as to what its actually doing between the two setting. Quote Link to comment Share on other sites More sharing options...
Mike Medved Posted February 5, 2019 Report Share Posted February 5, 2019 "The value of pace shown is the total trading volume for the last Period compared to an average volume for such a Period in the last Averaging Period." Let's say period is 10 and Averaging Period is All. What MT does is takes ALL 10-candle periods in the chart - 1st candle thru 10th, 2nd thru 11th, 3rd thru 12th etc etc, calcs the volume for each of those periods and averages them. Then it takes the volume for last 10 candles and compares it (as a percent of) to that average. Quote Link to comment Share on other sites More sharing options...
stock777 Posted February 7, 2019 Author Report Share Posted February 7, 2019 Example If I said last DAY / period 5 , what would be the calc for that would it be a rolling 5 bar average ONLY for the last day ? Quote Link to comment Share on other sites More sharing options...
Mike Medved Posted February 7, 2019 Report Share Posted February 7, 2019 Yes. This way the pace would be determined based on the current day's action and not on the whole chart's. It is actually a pretty useful number. It also exists as an indicator, thus can be used in scans or paintbars. And I don't think any other software I know of has it . Maybe under some other name... Quote Link to comment Share on other sites More sharing options...
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