Jump to content
Medved Trader Forums
Sign in to follow this  
stock777

Pace & periods

Recommended Posts

  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.

 

Share this post


Link to post
Share on other sites

"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.

Share this post


Link to post
Share on other sites

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 ?

 

Share this post


Link to post
Share on other sites

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...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×