Market Analyzer Indicator - Vol/AverageDaily Vol vs time past/6.5hours
I'm trying to code a simple indicator made especially for the Market Analyzer.
Okay, I found the Market Analyzer indicators and I'm trying to use them as a template to create another.
I'd like to compare the percentage of session completed to the percentage of volume accumulated compared to the Average Daily volume thus giving me an indication of how a stock is progressing volume wise?
time passed in session / duration of session (6.5 hours)
Volume accumulated today / Average Daily Volume
so isn't that:
((ToTime(Time)-83000)/65000); - in my time zone the open is at 8:30
Is there a Market Analyzer indicator that anyone has found that alerts us about markets beginning to trend (or move rapidly). Perhaps something to measure price movement within a period of time coupled with a volume trigger. Any suggestions? This would be super useful in identifying tradable markets without having a lot of charts open.