Buff Weighted Averages
Summary
Buff Dormeier has given us two averages for the price of one. The first is a volume-weighted average, the second is a simple two-line volume-weighted average.
Screen Shots
Usage
The single-line Buff Average has two inputs: price and length. The price input is the value used in the average calculation, and the length input represents the number of bars that should be used in the average calculation.
The two-line volume-weighted average has three inputs. The price value that should be used in the average price calculation. The ‘FastAvg’ is used to indicate the number of bars to use in the fast volume-weighted average calculation. Finally, the ‘SlowAvg’ is used to indicate the number of bars to use in the slow volume-weighted average. A simple alert will fire off when the two lines cross.
Downloads
Buff Averages (ELD and Workspace)
Happy Trading!
Tags: B, Buff Averages, Buff Dormeier, Buff Weighted Averages