Volume Data Table (Real-time & Historical Volume Analysis)

Volume Data Table (Real-time & Historical Volume Analysis)

Overview:
The Volume Data Table indicator is a powerful tool designed to provide concise, real-time, and historical volume insights directly on your chart. It aggregates critical volume metrics into an organized, customizable table, making it incredibly easy to identify unusual volume activity, sudden surges, or sustained interest in a particular asset.

This indicator is perfect for traders who rely on volume analysis to confirm price movements, spot potential reversals, or gauge market conviction.

Key Features & How It Works:

Real-time Volume Metrics:
The table prominently displays the volume data for the current (last) candle, including:

Time: The precise time of the current candle's close, formatted in IST (Indian Standard Time - UTC+5:30) for your convenience.

Volume: The total volume for the current candle, smartly formatted in K (Thousands) or M (Millions) for readability.

Change % (Chg%): The percentage change in volume compared to the immediately preceding candle. This helps you quickly spot sudden increases or decreases in trading activity.

Vs 4-Avg % (vs4Avg%): The percentage change in volume compared to the average volume of the last 4 preceding candles. This is crucial for identifying volume surges or drops relative to recent historical activity, which can signal significant market events.

Configurable Historical Data:
Beyond the current candle, you can customize how many previous candles' volume data you wish to display. A simple input setting allows you to choose from 1 to 20 historical rows, giving you flexibility to review recent volume trends. Each historical row also provides its own "Change %" and "Vs 4-Avg %" for detailed analysis of past candle activity.

Intuitive Color-Coding:
Percentage change values are intuitively color-coded for instant visual cues:

Green: Indicates a positive (increase) in volume percentage.

Red: Indicates a negative (decrease) in volume percentage.

Clean & Organized Table Display:
The indicator presents all this data in a neat, easy-to-read table positioned at the top-right of your chart. The table automatically adjusts its height based on the number of historical rows you choose, ensuring a compact and efficient use of screen space.

Ideal Use Cases:

Volume Confirmation: Quickly confirm the conviction behind price movements. A strong price move on high "Vs 4-Avg %" volume often indicates higher reliability.

Spotting Abnormal Volume: Identify candles with unusually high or low volume compared to their recent average, which can precede or accompany significant price action.

Momentum Analysis: Understand if buying/selling pressure is increasing or decreasing over recent periods.

Scalping & Day Trading: The real-time updates and concise format make it highly effective for fast-paced short-term decision-making.

Complements Other Indicators: Use it alongside price action, candlestick patterns, or other technical indicators for a more robust analysis.

Customization Options:

Number of Historical Rows: Adjust Number of Historical Rows from 1 to 20 to tailor the depth of your historical volume review.

Important Disclaimer:
This indicator is a technical analysis tool and should be used as part of a comprehensive trading strategy. It is not financial advice. Trading in financial markets involves substantial risk, and you could lose money. Always perform your own research and risk management.