Time-Specific Volume Average

7월 7일

A volume indicator based on historic volume.

Checks for the average volume in the past few days at the same time of day. This helps you determine when there is truly volume in the markets.

We will see often see sustained volume above the average during a clear trend. If you see spikes in volume without it being sustained above the average, it is very likely that the trend will die off quickly.

This is very helpful in determining whether to trade based on a trend following system, or a range based system.

Settings are below:

• Days to average: Number of days to look back(tradingview has limits depending on your plan)
  
• SMA Length: Number of "volume averages" to look at. Keep this at 1 if you want the average volume at the exact moment in the day. If you increase it, will also average in the past few [SMA Length] candles of "volume averages".
  
• SMA Multiplier: Multiplies the SMA by this amount(helps to get higher quality trends)
  

7월 7일

릴리즈 노트

Added proper license at the top.

9월 5일

릴리즈 노트

- More efficient calculation
- HTF selection support
- Removed volume SMA
- Removed high volume highlighting

9월 5일

릴리즈 노트

- Updated Chart
- Updated to Pinescript v6