This indicator shows volume separated by session. The aim is clarify which session a volume bar occurred in and how it compares to the average of that session - NOT ALL SESSIONS.
The logic is that there is little value comparing for example the volume of the London session against volume of the London-NY session - the London-NY will always have higher volume. But how does today's london compare to yesterdays london or the london average.
The indicator has moving averages that only consider the average of previous episodes of the same session - so the average on the london session is the average of the past 5 london sessions (NY and asia and London-NY are not included in the calculation of the MA).
The indicator goes as high as 1H timeframe and the average line does not function below 5 mins - thats a limitation on available data to calculate it.
There's also a 'dark screen' function. Thats because I like a black background so the colours need to be inverted.
Hope its useful. Good luck.
John
The logic is that there is little value comparing for example the volume of the London session against volume of the London-NY session - the London-NY will always have higher volume. But how does today's london compare to yesterdays london or the london average.
The indicator has moving averages that only consider the average of previous episodes of the same session - so the average on the london session is the average of the past 5 london sessions (NY and asia and London-NY are not included in the calculation of the MA).
The indicator goes as high as 1H timeframe and the average line does not function below 5 mins - thats a limitation on available data to calculate it.
There's also a 'dark screen' function. Thats because I like a black background so the colours need to be inverted.
Hope its useful. Good luck.
John
發行說明
I had to reduce the look back period by 50 bars because the script just stopped running發行說明
- added the option to not show price higher/lower candle closes.- added the option to show a simple moving average for all bars
- added the option to show/hide the session average or simple average
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。