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Lex Mercati

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Average Volume by Time of Day

Free

Average Volume by Time of Day Indicator for NinjaTrader (with free trial)

50% off with code LAUNCH2026.

Gain a deeper understanding of market participation by comparing current activity to historical norms. This indicator calculates the average volume for every specific time interval based on a user-defined number of previous sessions.

By visualizing "normal" volume levels for any given moment, you can easily spot high-conviction breakouts or fading momentum. Higher than average volume for the specific time interval can be highlighted as a deviation ratio.

Customizable Lookback: Adjust the number of sessions used for the average to suit your specific needs.

Customizable minimum time interval to switch to a Simple Moving Average (SMA) of current volumes, in order to ensure continuous data relevance, since the insight that an average volume indicator can give is quite irrelevant on very short time intervals.

On non-time-based charts (like Renko or Tick) or higher timeframes the indicator automatically switches to an SMA of current volumes.

System requirements: NinjaTrader V.8.1 and above. Note: Each license allows one user to use the software on one device. The license key can be reset anytime without additional costs.

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Lex Mercati

Average Volume by Time of Day

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