Daily Volume Indicator
It’s a tool that displays how much trading activity happens in a single day. An AFL code for Amibroker with a Daily Volume Indicator tracks and displays the volume of trades executed in a day, helping traders understand the intensity of market participation.
/_SECTION_BEGIN("DVI");
function DailyVolumeIndicator()
{
midpoint = ( High + Low ) / 2;
dv = Volume * (( Close - midpoint ) / midpoint);
return Cum( dv );
}
Plot( DailyVolumeIndicator(), _DEFAULT_NAME(), ParamColor( "Color", ColorCycle ) );
_SECTION_END();