Weekly Volume - The Chartist

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February 5, 2016 at 10:33 am #101424

TrentRothall
Participant

How does Amibroker calculate weekly volume. Is it the weekly average? if i want to buy on the open of a weekly bar and the previous bar(s) meets my minimum volume levels only just, there might be low mid week volume. Although i guess slippage isn’t as much of an issue..

February 5, 2016 at 8:58 pm #102799

Nick Radge
Keymaster

Weekly volume is exactly that – the total volume traded during the week.

Entering on the weekly open however needs some moderate caution because you’ll potentially have an illiquid day.

Suggestions:
(1) Use the opening auction as the entry
(2) Ensure the stock has an average daily volume of say 300,000 for the last 50 days (weekly = 1,5m)
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