Quantura - Average Intraday Candle VolumeIntroduction
“Quantura – Average Intraday Candle Volume” is a quantitative visualization tool that calculates and displays the average traded volume for each intraday time position based on a user-defined historical lookback period. It allows traders to analyze recurring intraday volume patterns, identify high-activity sessions, and detect liquidity shifts throughout the trading day.
Originality & Value
This indicator goes beyond standard volume averages by normalizing and aligning volume data according to the time of day. Instead of simply smoothing recent bars, it builds an intraday volume profile based on historical daily averages, enabling users to understand when during the day volume typically peaks or drops.
Its originality and usefulness come from:
Converting standard volume data into time-aligned intraday averages.
Visualization of historical intraday liquidity behavior, not just total daily volume.
Dynamic scaling using normalization and transparency to emphasize active and quiet periods.
Optional day-separator lines for precise intraday structure recognition.
Gradient-based coloring for better visual interpretation of volume intensity.
Functionality & Core Logic
The indicator divides each day into discrete intraday time positions (based on chart timeframe).
For each position, it stores and updates historical volume values across the selected number of days.
It calculates an average volume per time position by aggregating all stored values and dividing them by the number of valid days.
The result is plotted as a continuous histogram showing typical intraday volume distribution.
The bar colors and transparency dynamically reflect the relative intensity of volume at each point in the day.
Parameters & Customization
Number of Days for Averaging: Defines how many past days are included in the volume average calculation (default: 365).
UTC Offset: Allows synchronization of intraday cycles with local or exchange time zones.
Base Color: Sets the main color for plotted volume columns.
Color Mode: Choose between “Gradient” (transparency dynamically adjusts by intensity) or “Normal” (fixed opacity).
Day Line: Toggles dashed vertical lines marking the start of each trading day.
Visualization & Display
Volume is plotted as a series of histogram bars, each representing the average volume for a specific intraday time position.
A gradient color mode enhances readability by fading lower-intensity areas and highlighting high-volume regions.
Optional day-separator lines visually segment historical sessions for easy reference.
Works seamlessly across all chart timeframes that divide the 24-hour day into regular bar intervals.
Use Cases
Identify when trading activity typically peaks (e.g., session opens, news windows, or overlapping markets).
Compare current intraday volume to historical averages for early anomaly detection.
Enhance algorithmic or discretionary strategies that depend on volume-timing alignment.
Combine with volatility or price structure indicators to confirm market activity zones.
Evaluate session consistency across different time zones using the UTC offset parameter.
Limitations & Recommendations
The indicator requires intraday data (below 1D resolution) to function properly.
Volume behavior may vary across brokers and assets; adjust averaging period accordingly.
Does not predict price movement — it provides volume-based context for analysis.
Works best when combined with structure or momentum-based indicators.
Markets & Timeframes
Compatible with all intraday markets — including crypto, Forex, equities, and futures — and all intraday timeframes (from 1 minute to 4 hours). It is particularly valuable for analyzing assets with continuous 24-hour trading activity.
Author & Access
Developed 100% by Quantura. Published as a Open-source script indicator. Access is free.
Important
This description complies with TradingView’s Script Publishing and House Rules. It provides a clear explanation of the indicator’s originality, logic, and purpose, without any unrealistic performance or predictive claims.
Intradayvolume
Open Intrest / Volume / Liquidations (Suite) [BigBeluga]This indicator is a suite of tools that aims to provide traders with efficient metrics to analyze the market in a different way, such as various types of Open Interest, Intraday Volume, and Liquidations.
This indicator can both save time and also provide a different approach to the usual price action trading style.
🔶 FEATURES
The indicator contains the following features:
Open Interest Suite
- Delta OI
- Net longs and shorts
- OI Relative Strength Index
Intraday Volume Suite
- Bullish and Bearish LTF Volume
- CVD
- Delta Volume
Liquidations Suite
- Long and Short Liquidations
- Cumulative Liquidations
🔶 EXAMPLE OF SUITE
In the example above, we can see how we can plot long and short positions, both opening and closing out.
This can give a unique way to view which side is the strongest but also which side has the most resting liquidity.
For example, if more longs are entering the market, it also means more liquidity for longs and vice versa.
Or, for example, plotting the delta OI will allow the user to see big percentages in change and spot big areas of position closing out.
This presents a fascinating method for observing numerous positions closing out in conjunction with a surge of liquidations, which could indicate a potential reversal in price.
Here, we can see a basic example of using intraday volume on a 1m LTF.
With this, we are able to see both bullish and bearish volume of the same candle, very useful to see both volumes traded in the same candle.
Using the CVD to see the overall direction based purely on the volume and spot divergence, for example, the price in an uptrend but CVD going down, indicating weak shorts in the market or trapped shorts.
Or simply view liquidations happening in the market in a very different way, both long and short liquidation at the same time + the option to use multi-timeframe liquidations.
🔶 CONCLUSION
The idea of this script is to provide a set of tools in a unique script to optimize time and analyze the market in both a quick way and in a different way than usual.
