Volume Threshold NQ

[John9999]

I am looking to back test and figure out a volume rule for myself on NQ. I trade off a 3 minute chart. I want to establish a rule that says "if volume is under X, no go"

anyone have any ideas on how to establish this threshold?

 

[fan27]

You could calculate a moving average of volume and only take trades above the moving average.

 

[John9999]

yeah.... I have looked all over my platform for that but cannot find a MA for volume

I will keep looking

 

[tiddlywinks]

You could calculate a moving average of volume and only take trades above the moving average.

IMO, MUCH BETTER is percentile of volume AND price bar H/L range within those volume percentiles. More granularity, in tune with short and/or long term environment.

Of course, coding capability is necessary to carry out. Im not aware of any platform with such built-in.

 

[John9999]

this is nuts,,, I currently trade on Etrade... there are over 60 indicators available... I cannot find a Volume Average indicator... anyonw got advice

 

[redman]

not familiar with platform.......does anything happen when cursor is placed over the volume bars or window and right clicked?

 

[John9999]

nope... but if I really want to I can load up another charting package at same time that has Volume Moving average