Trend Volume Accumulation R1 by JustUncleL

This simple indicator shows the Accumulated Volume within the current uptrend or downtrend. The uptrend/downtrend is detected by a change in direction of the candles which works very well with Heikin Ashi and Renko charts. Alternatively you can use a Moving average direction to indicate trend direction, which should work on any candle type.

You can select between 11 different types of moving average:

• SMA = Simple Moving Average.
  
• EMA = Exponential Moving Average.
  
• WMA = Weighted Moving Average
  
• VWMA = Volume Weighted Moving Average
  
• SMMA = Smoothed Simple Moving Average.
  
• DEMA = Double Exponential Moving Average
  
• TEMA = Triple Exponential Moving Average.
  
• HullMA = Hull Moving Average
  
• SSMA = Ehlers Super Smoother Moving average
  
• ZEMA = Near Zero Lag Exponential Moving Average.
  
• TMA = Triangular (smoothed) Simple Moving Average.
  

Here is a sample chart using EMA length 6 for trend Direction:

Versionsinformation:

Revision R2:

• Added Option to show Running Averaged Volume within the Trend. The average using Bar count since start of trend (Bar Avg) or Time since start of Trend (Time Avg).
  
• Changed Short name to "TVA" - Trend Volume Accumulation
  

NOTE: The Running Averaged Volume option "Time Avg" is designed to be used with Renko charts and only works well short brick sizes (<=10pips) + time frames (<=15min) .

Versionsinformation:

Missed one in last update.

• Added Bar Time Normalised Trend Volume Accumulation option, this is really designed for price bar charts like Renko.