Average Dollar Volume by Mashrab

Standard Mode: By default, it shows a 20-period SMA of the Dollar Volume. This is great for swing trading to see if money flow is increasing over days.

Day Trading Mode: Go to the indicator settings (User Input) and check "Reset Average Daily".

The line will now represent the Cumulative Average for today only.

Example: If it's 10:00 AM, the line shows the average dollar volume per bar since the market opened at 9:30 AM. This helps you spot if the current 5-minute bar is truly igniting compared to the rest of the morning.



How to Use for Day Trading
Add the script to your 1-minute chart.

Ensure "Reset Average Daily" is checked in the settings (I made it default to true for you).

Look at the Table in the top right:

Avg Dollar Vol: This tells you the average money flowing into the stock per minute today.

1% Threshold: This gives you the exact number your friend likely uses to gauge "minimum viable liquidity" or specific risk calculations.