Session Volume Averages

Session Volume Averages

Overview
Session Volume Averages is a session-aware volume indicator that combines live volume with historical session context. It displays current volume as bars and overlays two analytical reference lines for each enabled session.

• Session Average — the average volume-per-bar across the last N completed sessions.
  
• Bar-Position Average — the average volume at the same bar position within the session (time-of-day average) across the last N completed sessions.
  

Up to three independent sessions can be enabled simultaneously (default: New York, London, Tokyo), each with custom hours and colors. When no enabled session is active, the pane remains clean.

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How to Use

1. Add the indicator
   Apply Session Volume Averages to any symbol and timeframe that provides volume data.
   
   
2. Set the time zone
   The selected time zone is used for all session window calculations.
   
   
3. Configure sessionsEnable or disable Session 1, Session 2, and Session 3
   Set custom trading hours for each session
   Choose a color (used for both average lines)
   
4. Set the sample size
   Choose how many completed sessions (5–100) are used to calculate the averages.
   
   
5. Read the chart
   • Histogram bars show current volume (only while a session is active)
     
   • Thick line shows the session-wide average volume-per-bar
     
   • Thin line shows the typical volume for the current bar’s position within the session
     

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How to Interpret

• Current volume above the Bar-Position Average means volume is elevated for this specific time within the session.
  
• Current volume above the Session Average means volume is strong relative to the session’s overall baseline.
  
• The shape of the Bar-Position Average highlights where volume typically concentrates (opens, overlaps, closes).
  

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Optional Debug Mode
When enabled, a small table displays live diagnostic values, including current session averages, bar-position averages, and the current bar index within each session.