CM Volume Projection Indicator with ATR

CM Volume Projection Indicator

Description:
Elevate your trading analysis with the CM Volume Projection Indicator, a pioneering tool crafted for Trading View charts. This closed-source indicator redefines volume analysis by delivering dynamic, real-time volume forecasts, offering traders a nuanced understanding of market momentum across diverse timeframes and assets.

Key Features:
Dynamic Volume Projection: Utilizes a proprietary algorithm to generate both original and adjusted volume projections, blending current bar elapsed time with historical averages. This creates a tailored forecast that adapts to market conditions, surpassing the limitations of static volume bars.

Percentage-Based Time Adjustment: Incorporates a customizable time factor based on the percentage of remaining candle duration (default 16.67%), enabling precise scaling across timeframes. This innovative approach minimizes overestimation by adjusting projections dynamically as the candle nears completion.

Volume Change Percentage: Introduces a unique metric by comparing current volume to the proportional volume at the same elapsed time in the previous candle, capturing intrabar momentum shifts that traditional indicators, reliant on full candle data, overlook.

Adaptive Spike Factor: Enhances responsiveness by adjusting projections based on volume spikes relative to a moving average, while stabilizing low-volume periods, ensuring reliability in volatile markets.

Fully Customizable Settings: Offers user-controlled adjustments via the strategy bar—including historical averaging period, minimum adjustment factor, spike threshold, moving average type (SMA or EMA), cap threshold percentage, and scaling factor—allowing tailored application without script access.

Visual Customization: Provides color-coded bars and labels for clear interpretation, with optional debug and elapsed time displays for advanced analysis.

How It Works and Adds Value:
The CM Volume Projection Indicator combines a linear scaling of previous candle volume (proportional to elapsed time) with a dynamic cap based on the remaining time percentage, refined by a squared time factor and volatility adjustments. This synergy creates an original intrabar forecasting model that:

Forecasts in Real-Time: Provides forward-looking projections, aiding anticipation of volume trends within the current candle, adaptable to any timeframe.

Delivers Intrabar Precision: Tracks momentum shifts by comparing elapsed-time volumes, offering a granularity static indicators like OBV or volume bars cannot match.

Adapts Across Timeframes: Uses percentage-based caps to ensure consistency, reducing misleading spikes during volatile periods, a step beyond traditional moving average-based tools.

Empowers Strategy: Integrates current volume, moving averages, and adaptive adjustments into a versatile metric, giving traders a strategic edge in diverse market conditions.

Ideal For:
Day traders and scalpers seeking real-time volume insights across short timeframes.

Swing traders analyzing momentum shifts within candles on various durations.

Technical analysts customizing indicators for diverse assets and market environments.

This indicator enhances market analysis as a valuable additional tool, success depends on your strategy and risk management. Explore its potential by adjusting settings via the strategy bar to suit your trading style and leverage its innovative projections in today’s dynamic markets.