Normalized Volume - Standard

Normalized Volume Indicator
This indicator measures current trading volume relative to its historical behavior, making it easier to spot unusual spikes or lulls.

Features:

3 normalization modes:
• Relative to Average: Volume ÷ N-period average. Values > 1 = above-average activity.
• Z-Score: How many standard deviations current volume is from the mean.
• Min-Max: Scales volume between 0 and 1 for the lookback period.

Adjustable lookback period.

Baseline reference line for quick comparison.

Use cases:

Identify unusually high or low activity regardless of the asset’s absolute volume scale.

Compare volume behaviour across different markets or timeframes.