Time-Specific Volume Average

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)

Notas de Lançamento

Added proper license at the top.

Notas de Lançamento

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

Notas de Lançamento

- Updated Chart
- Updated to Pinescript v6

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

drop_trades

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.

Script de código aberto

drop_trades