Volume percentage oscillator that compares the current volume value with the average of each two periods of volume, one fast (10 days) and one slow (100 days).
There are two horizontal lines that are a good visual guide, one in 100% and the other in 200%, which are very useful.
Hello. Nicolas RZ. Can you made another indicator which show average daily volume percentage same as all time frame. Means daily chart volume percent shown in hourly or 5 minute chart. Not change according to hourly or 5 minute Timeframe. Thank you
NicolasRZ
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@joshhiboss, I don't know how to do it, but I know there is an indicator that does exactly that and it's called "Keppler Volume" or something like that. It's very interesting because it uses order flow. Check it out!
@saltyuk3, no, there's no way it could possibly repaint. It's a simple formulla based on actual volume of each bar, given by the data feed, divided by the average volume of x days, multiplyed by 100 to make it a percentage. Simple and robust. The original idea is from rick_deckard, I've just put his idea into code.