Now the last part of having a projection instead of using ADR or ATR to have Average Daily Volume (ADV) projected similarly as having two lines based on Average Daily Volume imprinted on the Fibo scale as is done now.
The ADR/ATR indicator will not be used when the average daily volume projection is used. Maybe a separate indicator on the same format solely for average daily volume. Or have an option to have it in the existing indicator. Whatever you think can be implemented.
In any case, a projection like this can be used for one indicator only. Please find attached an indicator that supplies daily average volumes data for 30 days as well as TF data on a dynamic moving line comparing volume for the current candle with the previous candle in % change.
Can technically the Volume Average of 30 days be divided into half (50%) or a median line and linked with the Current open first tick volume as the first addition or subtraction Green (Plus to 50%) or Red (minus to -50) and projection of a dynamic band be developed on the lines of ADR/ATR projection.
Or use 30 day average volume as a grid with user defined xxxxx (example: 1000 volume as the grid marker divided into 8 horizontal grid above the open of the current tick volume and another 8 below . total 16 grid lines.