Volume analysis – intraday

v10.3
Volume analysis – intraday

I created this simple indicator to gauge volume of opening bars relative to previous days (can specify how many using the variable) – volume is much more meaningful when evaluated relative to prior periods than in isolation in my view. I originally thought it would be a good forward indicator of trend, but there doesn’t appear to be a clear relationship. It’s quite a busy indicator and I would take any suggestions about how to clean it up. Getting rid of the series of points and solid lines that mark the averages and highest volume numbers either side of the histograms would be a good start, but I don’t think PRT will let me do that.

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  1. Maxime Baudin • 90 days ago #

    Very useful! Thanks Mat, and Happy New Year

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