Price Adjusted Dollar Normalized Volume (PADNV)
Description
Price Adjusted Dollar Normalized Volume (PADNV) indicator similar to Dollar Normalized Volume except it is normalized that allows to make it compatible across different securities and price levels.
How It Works
Normalization ensures that the indicator remains compatible across different securities and price levels. The result is represented in percent.
Formula
double volumeInDollars = (Median() * Volume()) / Median();
Chart Settings
* For common indicator properties please see Common Indicator Settings
Watchlist Settings
* For common indicator properties please see Common Indicator Settings
Chart View
Last modified: 24 September 2024