An intraday volume indicator that tracks trading volume relative to a moving average, highlighting market sessions and trading periods with color-coded visual representations.
Explore complementary indicator rolesHow it works
The indicator calculates a Simple Moving Average (SMA) of trading volume over a selected length, typically 20 periods. It color-codes volume bars based on price movement and volume relative to the SMA.
Green and blue backgrounds highlight NYSE and LSE trading sessions, while white backgrounds indicate lunch breaks. The volume histogram changes color to show whether current volume is above or below the SMA, providing visual insight into volume trends
Why it may be useful
Volume analysis helps traders understand market participation and strength of price movements. By visualizing volume relative to its moving average, traders can identify potential trend confirmations or reversals.
The session and lunch break highlights provide additional context about market activity periods. Color-coded volume bars make it easier to quickly assess whether trading volume is increasing or decreasing, which can signal potential changes in market sentiment
When to explore it
This indicator is most effective during active trading hours, particularly for day traders focusing on intraday price movements. It works best in liquid markets with consistent trading volumes.
Traders should use it when analyzing stock indices, ETFs, or individual stocks with significant daily trading activity. The indicator is particularly useful during market open, close, and periods of potential volatility such as economic announcements or earnings releases
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
