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Hi! This would be a very interesting study! I saw that someone asked for it here but it wasn’t very clear what he meant. So, the user should provide the float value for the stock, but later the script should calculate when a new float rotation of volume is completed and add a vertical line each time. For example, stock ABC has 2 M float. SO, it would be interesting to add a vertical line every time the volume adds 2 M shares more traded. How would you do that, Pete, including the volume since premarket and during the whole session?
I tried this but I get very weird lines: plot Data = close; #******* User Inputs *******# #******* Volume and Float Rotation *******# AddVerticalLine(yes, (if Show_Float_Rotation == no or ticker != GetSymbol() then “” else “Float Rotation: ” + float_rotation + “X”), (if ticker != GetSymbol() then Color.RED else Color.YELLOW)); Thanks!
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Private answer
There is no way to provide a completely accurate solution to this request. The data available at the intraday time frame does not include the full volume traded. Details are explained in the following post: https://www.hahn-tech.com/ans/how-to-calculate-volume-from-the-open/ Marked as spam
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