This script scans through the bars within a 1 Hour chart and calculates the average volume per hour. It is prevented from working on any chart other than 1 hour and the average calculation uses MathAbs to ensure the absolute volume is calculated.
Just drag the script onto a 1 Hour chart and it should display a message box with the results. I thought this might be useful if you are thinking of limiting trading to times when the volume is high and you wanted to double check which times were most liquid.
Directional volatility & volume oscillator -… An oscillator that manages to display direction of volatility and volume in a single oscillator Directional volatility & volume oscillator…
