Volume time correction

[journeyman]

I am looking at hourly forex charts.... I have noted there is a definite diurnal variation in volume - it changes cyclically over a 24 hour period and volumes increase when the European/London trading day starts and then pick up even more when the US starts, then begin to drop off when the UK/European markets shut down and drop off even more at the end of the US day.

I would like to have some way of averaging this cycle out - so a formula would need to reference the average volume at each particular hour for say the last 2 weeks and then normalize or 'correct' this to '0' volume for every hour. Then I will know whether the current volumes I am seeing are less or more than what is normal, and by what percentage.

The other thing I would like to do is exclude the last 6 hours of trading on Friday or Saturday (end of the week) and the first 6 hours on Sunday/Monday (start of the week) as these times are particularly quiet and will cause the average to be skewed down....

I kind of know what I want done but I have no idea how to go about trying to reference particular hours in Ninja script.

Another thing I have noted in Ninja Trader is that there seems to be a maximum volume of 2.147 billion. Anything above that reads the same number. Is there some way this can be corrected?

Thanks in advance...

[NinjaTrader_Bertrand]

Hi, as noted in the other thread we aware of the volume cap level you reported and investigating.

For your custom indicator you can work with Time and ToTime -

http://www.ninjatrader-support.com/HelpGuideV6/ToTime.html

http://www.ninjatrader-support.com/HelpGuideV6/Time.html

If you need a more advanced approach you can work with DateTime structures in C# directly - http://msdn.microsoft.com/en-us/libr...e_members.aspx