Current bar predicted volume

9 มี.ค. 2022

Drag this indicator in the same panel with the volume in the object tree, then right click on the scale bar and set "merge all scale into one" for a correct visualization.

This indicator multiply the current traded volume of a candle with the total time of that candle. This offer a prediction of where, in case the volumes would keep trading at a comparable magnitude, the volume bar would close when the candle will close.

The predicted volume is indicated with a blue short line above the current volume bar, and updates in real time.

I find this indicator extremely useful to offer at a glance an idea of an ascending or descending volume pattern, that can serve as confirmation for a reversal or breakout for example.

Very suitable for short time frames, where decisions have to be taken fast.

Enjoy,

Luca.