Idea: This indicator is designed to know the high traded volume sessions in advance before the day starts. The predictive volume bars will be plotted in advance once a new trading session starts.
Logic Used: The basic idea is to store each bar volume / Volume MA data for the selected time. So, the first bar of each data is stored for all selected historical days. Once the data is stored, I am taking average of each bar data for the selected Historical days.
How to Use: This gives me an idea of the volume behavior throughout the days based on historical data. So I decide my time of trading for that specific times sessions where the traded volume activity is high. The bars which are more than the Moving average ( Highlighted Volume bars plotted in future ) is the time session to focus.
Designed only for intraday timeframes.
Here in the image, you can see the session in advance for high traded volume activity.
Try it test it , let me know if it can be improved further. Have a happy trading.
DISCLAIMER Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the user based on information received or a market analysis is expressly excluded by me.
All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Do your own research, this is not a financial advice.
Notes de version
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High volume Barcolor also added
Notes de version
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-Error removed -short title added
Notes de version
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error during replay in some stocks , it has been resolved
Hi - loaded up your indicator but cant seem to find a setting so the MA line is displayed on the indicator across the bars but I can see that line in your example? It also doesn't seem to display the predictive volume bars into the future?
TJalam
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@SJW007, Please make sure you are on intraday timeframe chart ( chart timeframe less than Daily )
SJW007
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@TJalam, Hi - Im on a 1 hr time frame and I did note when I loaded TV today it started to show some of the 20 day MA and some projected volume bars but not on all instruments and its odd that only a bit of the 20 day MA is showing as that implies the look back period isn't long enough even though I set that to 180 days to ensure it was? I can send a screen shot if you message me in TV
TJalam
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@SJW007, please share the settings and symbol used. I will check on my side.
Hello my friend, he works in some stocks and some not. -------------------------------------------------- -------------------------------------------------- - ! study Error in array.get() function. index -1 is out of bounds, array size is 57