maybe you realized that volume in forex is heavily time based.
that means the volume peak is day and hour depended. every hour on a day and every weekday has his own average volume.
normaly you can see a volume increase from monday to thursday with a decreasing volume on friday.
so i wrote an indicator which shows the average volume for the past X days or the average volume for the past X weekdays and compares the slope between the average volume and the actual volume.
so ConsiderWeeks=1 means that you look back e.g. 20 weeks and take the average volume only for the mondays.
now a green bar means that the volume increased stronger from the last bar to the recent bar as it would normally do.
the gray bars are representing the average volume.
i have found out for me that volume is not useful for my trading but maybe you find a way.
that means the volume peak is day and hour depended. every hour on a day and every weekday has his own average volume.
normaly you can see a volume increase from monday to thursday with a decreasing volume on friday.
so i wrote an indicator which shows the average volume for the past X days or the average volume for the past X weekdays and compares the slope between the average volume and the actual volume.
so ConsiderWeeks=1 means that you look back e.g. 20 weeks and take the average volume only for the mondays.
now a green bar means that the volume increased stronger from the last bar to the recent bar as it would normally do.
the gray bars are representing the average volume.
i have found out for me that volume is not useful for my trading but maybe you find a way.