Daily Live Average/Pivot Rate

Dear Members,

I would like to bring forward an idea which I have been applying in the stock market for long, which is the average that a stock has traded during the day. The average is the rate around which most of the volume has been generated. Is there a possibility that maybe with the help of the tick chart an indicator could be made which could keep generating the average on an hour to 4 hourly basis or maybe minute to minute basis for any given pair? If that becomes a possibility then can we place a horizontal line as a reference for historical data?

If you have any queries kindly ask away without any hesitation.

Thanks and Regards,

Raza

p.s. please find enclosed a picture that might give you an idea what i am looking for.

Anyone at all? :/

So this cannot be done at all?

Hi,
Give this ago it should do what you want you can set it to volume or price. I have converted it to the latest build 616.

Thanks will check it now

Lots of pips to you my friend.