Average Daily Volume

[rabcnesbit]

Hello,

I have NT connected to IB and Kinetick end-of-day, and using market analyzer to monitor a number of Nasdaq stocks. When I add the 'Average Daily Volume' column to market analyzer, nothing is displayed! Any assistance please?

Thanks
Dan

[NinjaTrader_ChristopherJ]

Dan,

Thank you for your post.

This information will not display real time and will only update after the Exchange close when the current bar updates.

In order to update this information real time for equities you would be required to be connected to a subscription based account.

Click here to subscribe to Kinetick

Please let me know if I may be of further assistance.

[rabcnesbit]

Hello,

Which of the following codes will give the most accurate value for the average daily volume for say the past 30 days. I have checked both and the values are similar but not the same. For example the first code returns a figure of 34M for the stock INTC this morning, and the second code returned 35M. Setting COBC to false or true seems to make no difference.

Value.Set(SMA(Volume,30)[1]);

Value.Set(SMA(Volume,30)[0]);

Thanks
Dan

[NinjaTrader_Joydeep]

Hello Dan,
The code Value.Set(SMA(Volume,30)[0]); will return the value for the current bar, while the code Value.Set(SMA(Volume,30)[1]); will return the value for the previous bar.

Please let me know if I can assist you any further.

[rabcnesbit]

Hello Dan,
The code Value.Set(SMA(Volume,30)[0]); will return the value for the current bar, while the code Value.Set(SMA(Volume,30)[1]); will return the value for the previous bar.

Please let me know if I can assist you any further.

Hello NT_Joydeep,
Thanks for your reply. I do understand the difference between [0] and [1]. What I am a bit confused about is which one is the appropriate one to use if I want the value of the average volume over the past 30 days right now? Hope you understand what I mean.

Thank you
Dan

[NinjaTrader_Joydeep]

Hello Dan,
If you are using Calculate on bar close to true, then use Value.Set(SMA(Volume,30)[0]).

However if you are using Calculate on bar close to false, then at the start of the bar, the current bars volume will be much less than the average volume, and will give you results based on that.

In such scenario we are not in a position to tell you what value you should use. Maybe I leave the thread open for forum members who can share their inputs.