Traded Equivalent - Indicator Formula

By selecting this indicator you will have the possibility to visualize the chart calculated on the Traded Equivalents of the same stock.

The Traded Equivalent is the product calculated between the Volume quoted by the stock and the corresponding Closing Value and therefore represents the actual amount of money that is traded over the course of each individual day.

CS( t ) = V( t ) * C( t )

where:

CS( t ) = traded equivalent of the current day

V( t ) = current day Volumes

C( t ) = current day closing