Volume Average - Multi Timeframe (Spot & Futures)

Volume Average - Multi Timeframe (Spot & Futures) tool is developed to help traders in understanding volume average of different pairs in USD terms for multiple timeframes.

We as traders always use volume and try to understand peaks in volume. This tool is calculating in 5 different timeframes THE AVERAGE VOLUME in 1 minute for both Spot and Futures pair. Additionally, it calculates the Spot ratio to see if the move on the Futures Pair is supported by Spot volume

We can compare the current 1-minute (1m) average to 4 hours (4h) average and see if the move is fresh (1m > 4h) or is an ongoing move with high volume (both 1m and 4h > 1D or 3D volume). Also, we can strategies where 1m volume is 3x bigger than 3D volume which means ‘Market Maker’ is starting to be very active.

Settings:
By default, Statistics Table and 1 minute & 3 Days volume average lines are shown in the indicator pane. You may add 4 hours, 1 Day and 1 Week charts as well which are optional. In order not to confuse these line charts, labels are provided and in order not to overlap those labels “Offset between labels” setting can be used.

The Stats (Statistics) Table can be positioned in different parts of the chart and font size is adjustable.

Instead of using volume average line charts you may enable “Show Only Spot Ratio Chart” which is showing the historical spot ratio for the pair. It may help you to see the ups and downs of Spot ratio and try to understand Market Maker and/or Whale involvement

In crypto, comparing volume data for significant value is quite challenging. Exchange should have high volume and consistent data between pairs so “Enforce BINANCE volume over current exchange” option is provided. Use of BINANCE volume instead of current exchange is highly recommended as many exchange pairs do not have enough volume to compare different timeframes. Please remove this checkbox if you insist on using the current exchange pair. Also be aware some exchanges use different volume multipliers for different coin pairs like showing volume in millions whereas most exchanges show in thousands, so it is important to use the same exchange for all pairs.

I have developed this indicator for my own trading. I prefer to use it in small timeframes even in 3m & 15m, but you may use it in any timeframe. It really helps with my decisions when I have a setup on the price action, I always check volume anomalies as well. Also, when I have two setups and one pair seems to have a lot of volume in classical volume chart, I can compare which pair is getting more “MONEY FLOW” as this tool shows the real volume average in dollars. Hope it helps you as well.

This indicator is FREE. You may try, use, share and trade with it. And if you like it and really benefit from it, you may encourage me for my future different ideas with a small donation, but you DO NOT have to 😊
USDT (BSC – BEP20): 0x6de1213767ba65470b4a06f4ed716c1a4b621750