Swami Volume shows volume relative to its recent average. Higher relative volume is shown in white and lower volume is shown in blue.
This indicator has been optimized for intraday timeframes.
The Swami Intraday volume has been characterized for immediate action. This indicator is similar to
its cousin the Swami Volume
except that it is faster acting and generally more
appropriate for intraday timeframes.
Be aware of the sharp volume increases in intraday charts that occur as the 24
hour markets begin to open in various parts of the world. This is
especially seen in the Forex and Globex markets for the equity indexes. In
the chart above for the E-Mini SP 500 contract, we see abrupt increase in volume
at 7:00 AM at the U.S. stock market open.