Description
The Average Volume is the total volume for a specified period divided by the number of bars in that same period.
![Chart: Average Volume Chart: Average Volume](/bin-public/600_Fidelity_Com_English/images/migration/article/content_12-lc/AvgVolume602x345.png)
How this indicator works
- Compare the Average Volume for the specified period to determine if volume is above or below average.
- Price movement up or down with relatively high volume is seen as a stronger move than a similar move with weak volume.
Calculation
Simple Moving Average of the Volume for the specified period