Dear Members,
I would like to bring forward an idea which I have been employing in the stock market for long, which is the average that a stock has traded during the day. The average is the rate around which most of the quantity has been generated. Is there a possibility that maybe with the help of the tick chart an indior might be made which could keep producing the average within an hour hourly basis or maybe minute to minute basis for any specific pair? If this becomes a possibility then can we place a horizontal line as a reference for historical data?
If you've any queries kindly ask away with no hesitation.
Thank you and Regards,
p.s. please find enclosed a photo which may provide you an idea what I am searching for.