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.
Thank you for sharing the code with us. It doesn't seem to be working on the latest version of tradingview. Not sure whether it is because the volume bar where the code is based on has been changed by tradingview? (It used to be a separate thing like what you've shown above, now it is merged to the main chart). Will really appreciate if you can fix the code. Thank you!
LucaDolfi
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@Izluna, Hi, thanks for the feedback. Actually i just checked both on the TW app and TW browser version and the indicator is displayed as usual. And in the "object tree" i still see a separate section for the volume. Sorry but not having issues myself i can't really help more than this :(