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Total Turnover Moving Average (TTMA)
This is a special type of moving average that incorporates financial information into technical indicators.
CONCEPT:
Number of shares outstanding (NOSH) reflects the floating tickets available for trading in the market. This indicator aims to look at what price has the market transacted on average, given all the NOSH has been turned over.
In order to do this, the number of periods required for trading volume to add up to NOSH is determined. Then, a simple moving average of closing price is calculated based on the number of periods.
Put simply, TTMA is a variable MA indicator, which the parameter depends on trading volume and NOSH. Since every counter has varying NOSH, it also translates volume into liquidity. Given two counters of the same volume , the one with lower NOSH has higher liquidity.
USAGE:
Bullish: when prices are above TTMA
Bearish: when prices are below TTMA
CAVEAT:
Generally works well for mid-cap to large-cap stocks, but not volatile penny counters (just like how you will not use 2-day moving average!). Good as reference and should NOT be used standalone.
CONCEPT:
Number of shares outstanding (NOSH) reflects the floating tickets available for trading in the market. This indicator aims to look at what price has the market transacted on average, given all the NOSH has been turned over.
In order to do this, the number of periods required for trading volume to add up to NOSH is determined. Then, a simple moving average of closing price is calculated based on the number of periods.
Put simply, TTMA is a variable MA indicator, which the parameter depends on trading volume and NOSH. Since every counter has varying NOSH, it also translates volume into liquidity. Given two counters of the same volume , the one with lower NOSH has higher liquidity.
USAGE:
Bullish: when prices are above TTMA
Bearish: when prices are below TTMA
CAVEAT:
Generally works well for mid-cap to large-cap stocks, but not volatile penny counters (just like how you will not use 2-day moving average!). Good as reference and should NOT be used standalone.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。