Your comments

I like this idea. I thought about it an hour ago :) This button is absolutely unnecessary: it duplicates function from context menu.

Try to enable option "sndvol_tooltip" in the HKEY_CURRENT_USER\Software\7 Taskbar Tweaker\OptionsEx — it enables hidden tooltip volume indicator.

I think that possibility to display seconds is would be enough. Taskbar should use full time format instead of short time format for it. Maybe it's easier in implementation.

I'll try it. But it doesn't look native...