Does the Volume Surge indicator take into account time of day.  If not, is there a volume indicator that does?  I'd like to be able to run intraday scans for above relative volume.

For example, a Gapper that by 9:45 has traded 500k shares.  It's 100 day avg volume is 1million shares.  It is not above avg on the daily volume but relative to time of day, it is. 

Thank you,

I beleive Vol Buzz would meet you objectives

I don't think Vol Buzz is still available

Under add column to a watchlist under basic columns I have an entry "Today's Volume Buzz" which may be what you want. I notice with this though a large negative volume at open and move down followed by a return to positive prices will show a green volum buzz even though most of the volume was down. Shorter time periods should weed this ouit . I was looking back afew hours when I saw this.

The only item in TC2000 version 12.4 which can take into account the time of day when calculating the volume for today versus a moving average is Volume Buzz. It is available as a WatchList Column and sort but cannot be used as an indicator or EasyScan Condition.

Thanks Bruce

How would I write a PCF for Relative Volume > 5  is this the same as 5 times avgvn?

"Relative Volume" as such is not one of the built in indicators or conditions in TC2000, so I could not tell you specifically how it is calculated.

If you want to check for the volume of the current bar being greater than five times the average 10-period moving average of volume as an example, it could be done as follows.

V > 5 * AVGV10

Thank you I believe that this can be used as relative volume is a study to compare the current price bar’s volume to historical volume in the same bar on previous days