6.5K views 9 months ago Technical Indicators Relative Volume, often called RVOL, is an indicator that compares current trading volume to average volume over a given period. Thank you! Connecting relative volume spikes or troughs with price action can help you anticipate significant price moves. We get it. So, if a stock typically sees an average of 300,000 shares traded per day but suddenly sees 1,000,000 shares traded in a single day, that would be considered high relative volume.Relative volume can be used as a technical indicator to help you identify potential breakout stocks.For example, if you see a stock with consistently high relative volume but relatively low price movement, it could be an indication that the stock is about to make a big move. In order to find the relative volume of a stock, you must either calculate the RVOL yourself, or subscribe to a charting service or broker who performs the calculation for you. Any help solving these issues, that have been there for years, would be greatly appreciated. It is based off Dickover's RelativeVolumeStDev above and there are 3 slightly different variations of it. Enter in any ticker ID's from charts you wish to scan in the settings. Relative Volume is a trading indicator primarily used by day traders that compares the current trading volume relative to the usual trading volume in the past. Not sure why people are downvoting you, these would be awesome tools to add to an already awesome toolbox. 1. You and your wonderful developers are probably really busy, but myself, and thousands of other traders would really really appreciate some of these fields/indicators being added; particularly Float, SF%, and RVOL (you really have entire communities of people searching and coming up with workarounds about this and it's really frustrating). The critical indicator value exceeding which will indicate the spike. If you do find one, I would need assistance installing it/setting it up as a watchlist as well. In this new window, you'll want to scroll down until you see the 'Volume' category. Also, what exactly would be the difference between using the Short vs Long version on a watchlist? Likewise, if a stock's RVOL measures 0.50, it has half the RVOL of the prior 10-day average. Additionally, a company that is experiencing high growth may have a higher volume than a company that is more mature. hbspt.cta._relativeUrls=true;hbspt.cta.load(20705417, 'deabcb5c-21ff-4ddf-a755-f703047ac267', {"useNewLoader":"true","region":"na1"}); A good number for relative volume is often subjective to the trader and the strategy involved. The today's script was suggested by a follower. Relative Volume indicator that pulls data from 9 different Ethereum exchanges. 3. High RVOL is also associated with pump and dumps. Very large bars. This will then be displayed as a ratio so we can quickly see how active a stock is trading today in comparison to its average. Increased volume can signify the start or end of a move. Now that commissions are nil, and TOS is competitive on the cost/commissions front, I'm starting to move more money into your accounts but find some of these key things missing very frustrating. ToS does have RelativeVolumeStandardDeviation Is this the same thing? First of all, thanks for everything you have built and all that you do. Better Volume Indicators for Thinkorswim By Pat / August 25, 2021 The default chart settings for Thinkorswim leave much to be desired when it comes to volume. Institutional Ownership % - Doesn't need to be exact just 00.00% or even just 00%. Hello traders! If you're a day trader, then you know how important it is to have access to reliable information that can help you make quick, informed decisions. I've found an edge using shares/trade/range setting, and I like that and talk about it every day in my recap videos. I've been using your platform since before TD Ameritrade bought TOS and have loved the software over the years. You have a number options available to you to add a RVOL indicator on Thinkorswim. The Woodies Pivots study calculates pivot, support, and resistance plots based on Ken Woods Characteristics and Risks of Standardized Options, Trading Forex: What Investors Need to Know. Make sure you test your buying and selling strategies before you risk any money based on RVOL. PHEMEX:BTCUSD BYBIT:ETHUSD You must log in or register to reply here. I know that I am highlighting somethings that would be really nice to add, but I don't want all the hard work your team and your developers do to get lost in the below request. 1. Don't need the exact number, just 10.00M etc. Not all clients will qualify. It may not display this or other websites correctly. Your email address will not be published. One thing, Stock Sizzle will not work on Android. Description The Relative Volume StDev is a support-resistance technical indicator developed by Melvin E. Dickover. Go to thinkorswim r/thinkorswim . This is the built in code of TOS for RelativeVolumeStDev. The ratio of that 10-day period would be equal to 1.0. Never assume that a high RVOL automatically means a buy signal. Or you can buy the paid version from scriptstotrade. For details, see ourProfessional Rates & Fees. I felt obligated to give something back to the community. For example one user was able to modify the colors to get it the way they wanted it, apparently there was an issue with yellow text making certain information unreadable. Next trading sesh I'm going to have a nice little chat with TD Ameritrade. 30 Exchanges are a lot. For example, if it increases as prices rise, it may signify that the trend is gaining momentum and could continue. The ratio of those ten days would be equal to 1.0. POLONIEX:BTCUSDT. Whichever of these methods you chose the underlying theory will be the same in each one. BYBIT:BTCUSD These pools are marked by Defended Price Lines (DPLs), also introduced by the author. Bro, why would I want to go to Finviz when I already have a piece of software open and running on my desktop that has the potential to display the variables we require. Conversely, if a stock has a low RVOL, it can be because there is not much interest in the stock, or the price is stable. Are you aware that this is the unofficial subreddit for TOS?They will not read this but I agree with you that it would be nice to have Yeah I've reached out to them on a few mediums, over the years, but I only get the standard - "we're sorry, but we're just gonna go ahead and not do anything.." They've needed RVOL since Stocks In Play become widely known about years ago. With GME?AMC/TLRY etc being such a headliners, the fact you don't have this seems like a missed opportunity. Load indicator This tool can be used to identify stop loss hunters and organized dumps. Up to 30 Tickers. The RVOL indicator is a valuable tool that can provide you with insight into the current market conditions. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. 2. Nov 8, 2019 #1 Hey guys. "Evidence-Based Support & Resistance" by Melvin E. Dickover. As you can see in the image above with the SIGA example, many stocks will run up on news, and then pull back. Relative Volume (or RVOL) is a technical indicator that measures volume relative tothe average volume, that is volume or number of shares traded, of the same security over a given period, usually ten days. This script calculates the relative volume based on the average volume at that time of the day across different brokers. Some ideas I have come across for using the RVOL indicator are using it to determine if the stock is even in play and how much to size your trade. Is this a standalone or how do I add it to the watchlist?! Includes the following exchanges: If you can pleas post screenshot. You are using an out of date browser. There are other choices. Script is designed predominantly for Indian users. BITSTAMP:ETHUSD The first is RelativeVolumeStDev and the input parameters and plots are given so you can try it out yourself. I would just like the ability to roll it up to millions. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Hey, could I see your rVol thinkscript? Whatever you do, make sure you manage your risk no matter what! So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected. Once you get it up and running it should look like this: Whatever one you use it is important that you don't make the mistake of comparing volumes at different times, for example you should keep it for the first hour at open on different days, and not first hour and last hour on different days. Relative Volume (RVOL): How To Use It For Day Trading, How to Trade The Head and Shoulders Strategy, Relative Volume Indicator for TD Ameritrade Thinkorswim - Update 2.6. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"var(--tcb-skin-color-0)"},"f2bba":{"val":"rgba(0,32,240,0.5) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}},"trewq":{"val":"rgba(0,32,240,0.7) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}},"poiuy":{"val":"rgba(0,32,240,0.35) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}},"f83d7":{"val":"rgba(0,32,240,0.4) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}},"frty6":{"val":"rgba(0,32,240,0.2) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}},"flktr":{"val":"rgba(0,32,240,0.8) ","hsl_parent_dependency":{"h":232,"l":0.47,"s":1.98}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__, {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"rgba(23, 23, 22, 0.7)"},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"l":0.09,"s":0.02}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__, A Guide to Relative Volume/RVOL Indicator on Thinkorswim, a Relative Volume/RVOL indicator on Thinkorswim. Here's how: For example, if a stock has a high RVOL, there might be a heightened interest in the stock now or because the stock price is rapidly changing. A relative volume indicator can give you insight into current market circumstances. In mathematical sense, the Relative Volume StDev is calculated as the ratio of the volume to its simple moving average (SMA), expressed in standard deviations. BITTREX:BTCUSD COINBASE:ETHUSD What is Custom Expression Subscription Limit Exceeded on Thinkorswim? One method to add a Relative Volume/RVOL Indicator on Thinkorswim is to use the free indicators developed by Melvin E. Dickover. It may not display this or other websites correctly. Relative Volume, often called RVOL, is an indicator that compares current trading volume to average volume over a given period. It can help you determine when a stock is getting ready to make a move, and it can also help you spot liquidity gaps. Please let us know (share) the Zanger V Ratio once (if) you develop it. Thanks I made it work, but the yellow color background makes the numbers unseeable. Relative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time. For a better experience, please enable JavaScript in your browser before proceeding. Orders placed by other means will have additional transaction costs. It is often used to help traders determine how in-play a ticker is. *Disclaimer* While RVOL is not the only factor to consider when making investment decisions, it can be helpful in identifying stocks that are trading above or below their historical volume averages. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. I haven't tried this tool myself but I would like to hear more about the disadvantages of it. This epic tool is our newest indicator and aims to identify areas of price that are exhausted. Conversely, relative volume depressed values happen when today's volume is subdued compared to recent activity. If they don't fix this, as well as so many other things, I'll just go to Fidelity and use Trading View. Create an account to follow your favorite communities and start taking part in conversations. 2. Thank you Deus. At the very least, if you are searching for momentum in the market, it will help guide you to the stocks making the biggest moves with the best liquidity.If you're looking to day trade stocks, be sure to account for volume fluctuations. hbspt.cta._relativeUrls=true;hbspt.cta.load(20705417, '47d2142a-ad26-42af-b2ad-691335935036', {"useNewLoader":"true","region":"na1"}); If you're new to day trading, you might be wondering what relative volume is and how it can be used to your advantage. If you're a day trader, you understand how critical it is to access trustworthy information that allows you to make quick, informed judgments. I hope that helps. In order confirm and refine them, it is suggested that you use the Relative Volume StDev together with the FreedomOfMovement, another indicator developed by Melvin E. Dickover. Relative Volume can be a leading indicator for predicting future price movements. Brd Mannseth Active Member Futures and futures options trading involves substantial risk and is not suitable for all investors. If the indicator spikes come in clusters, use the extreme close or open price of the bar corresponding to the last or next to last spike in cluster. If we do, we can throw it in a ThinkScript. In trading, some say that "the volume precedes the movement". Or indeed, have they discovered the infinite money glitch and now need someone to code it? In order to use RVOL effectively, you need to be aware of the different ways that it can be displayed. TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex, and Easycators.com, Amberle LLC and this channel are not affiliated with them in any way. No one can ever exhaust every resource provided on our site. This script will screen 12 different stocks and current chart (13 in total) for entry points from my relative volume indicator. So what is relative volume? In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. In short, volume is a measure of how much trading activity is taking place in a stock or other security. The number of bars used in calculation of both the standard deviation and the simple moving average. BITSTAMP:BTCUSD THINKORSWIM INDICATORS All indicators for thinkorswim are one time fee indicators.The indicators we offer and those that will soon be available are: Note: Thess Indicators are for entertainment purposes only and are not a recommendation to buy or sell a security Our indicators are: RVOL-RELATIVE VOLUMEThis epic tool is our newest indicator and aims to Learn all about VIP membership, To access the premium indicators, which are plug and play ready, sign up for VIP membership. Yet, TOS is still getting out of bed. Relative volume is calculated bydividing the security's current volume by its 10-day average. Do they need some more powerful functionality that the other versions don't have? Market volatility, volume and system availability may delay account access and trade executions. I can't count how many times I've heard "we need RVol" or "how do I calculate short float" or "why isn't there a 1wk, 12wk, 24wk, YTD, 3yr column". Short Float % - Don't need the exact number, just 00% or 00.00%. Your software has been absolutely amazing over the years, and I know that myself and many other traders may have never been able to get so far without software like yours making seeing the markets much easier. 4. It is critical to experiment with various settings to determine what works best for you. Conversely, if RVOL decreases as prices fall, it could indicate that the trend is losing steam and may reverse. General rule of thumb is the higher the RVOL, the more in play a stock is. https://usethinkscript.com/threads/ator-watchlist-for-thinkorswim.1014/post-8511, https://usethinkscript.com/threads/gy-and-momentum-scanner-for-thinkorswim.3002/, https://www.smbtraining.com/blog/relative-volume-rvol-defined-and-how-we-use-it, https://usethinkscript.com/threads/unusual-volume-scanner-for-thinkorswim.247/#post-1477, Unusual Volume Moving Average Scan & Watchlist, scan for stocks with unusual buying volume, Unusual Volume Scan within last 10 bars rather than just current bar, Unusual Option Activity Scanner for ThinkorSwim, https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/. This allows you to see how the RVOL on an intraday basis is changing as the price of the stock changes. The Relative Volume can be affected by earnings announcements, analyst upgrades, or downgrades. 1. Relative Volume (RVOL) compares current volume to the average volume for the same time of day. These events and other news releases can spur trader activity to increase, which will impact the relative volume of a stock. We can only speculate as to the reasons why somebody is willing to spend $150 plus the time required to hire and co-ordinate somebody to code a relative volume indicator on Thinkorsiwm themselves, when as we have already shown there is a built-in way and a free way of doing it, and also a paid tool for $97. You can usually find this information on financial websites or through your broker. Likewise, if a stock's RVOL measures 0.50, then it has half the RVOL of the prior 10-day average. Relative volume, or RVOL, is a technical analysis indicator that measures the magnitude of recent volume changes in relation to historical volume.This will give you a percentage that can be used as an indicator to help you make informed day trading decisions. I'd rather put a chart there instead. Relative volume can give you a solid picture of whether there is currently high or low interest in a particular stock because it considers both the volume of trade and the asset's price movement. Setting Up Relative Volume Analysis Indicators in Thinkorswim - Thinkorswim Tutorial Easycators 7.61K subscribers Subscribe 22K views 4 years ago Equivolume Day Trading Here's the Relative. The RVOL Relative Volume indicator can provide valuable insights to help you turn the probabilities of making good decisions more in your favor, and help identify false breakouts. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. This works well with many different time intervals but was developed with 15-minute intervals in mind. RVOL is calculated by dividing the security's current volume by its 10-day average volume. This is a Volume indicator that also shows Relative Volume at Time (RVOL). Instead, volume is relative to the individual stock. It's important because it can give you clues about the level of interest in a particular stock and whether that interest is increasing or waning. Another option is to buy what is claimed to be the only RVOL indicator on Thinkorswim from scriptstotrade which has a one-time fee of $97. Description. Thanks in advance! This blog post will explain what relative volume is and how you can use it to improve your trading performance. Today well quickly go over how RVOL is calculated, how to load a custom script in thinkorswim to view it, and a general review of how it can be implemented in your trading. Includes the following exchanges: TD Ameritrade, Inc., memberFINRA/SIPC, a subsidiary of The Charles Schwab Corporation. The Relative Volume/RVOL study on Thinkorswim plots the relative volume for each bar, which is simply today's volume divided by the 10-period Average True Range (ATR). Small gaps can be ignored: the author suggests using the previous close as the DPL value. The Relative Volatility Index is the Relative Strength Index (RSI) calculated with a standard deviation over several last bars used instead of price change. The ratio of that 10-day period would be equal to 1.0. 2022 Charles Schwab & Co., Inc. All rights reserved. More trades mean more shares changing hands, and as a result, the relative volume of the stock increases. None of our products are endorsed by TD Ameritrade or any of its affiliates. Your email address will not be published. Formula is last close_price x volume / 1 cr or (close_price x volume /10000000). This is another indicator that there are . Btw that short version doesn't work. Bitcoin set as default. I myself like to use it as a substitute of the volume indicator itself. some of the pattern logic was located throughout the internet and is not mine. But what is volume, and why is it important? specifically the relative volume. This is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation. The RVOL is easily visible as a background color, that changes between Low and High RVOL colors. Technical Analysis of Stocks & Commodities, April 2014. Copyright 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), CME WTI Futures Trading Challenge 3/26-3/31/23, NinjaTrader Market Replay files now have a category of t , Earn2Trade - Orianna Foucault (Director of Support) - As , Site Rules, Acceptable Use, and Terms and Conditions, Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members, Genuine reviews from real traders, not fake reviews from stealth vendors, Quality education from leading professional traders, We are a friendly, helpful, and positive community, We do not tolerate rude behavior, trolling, or vendors advertising in posts, We are here to help, just let us know what you need. there is a job opening on Upwork looking for someone to code. What are Good, and Bad, Questions to Ask When Buying a Business. You can fully customize this indicator to your liking. Please note that this indicator only works with ETH and will not use data from your current chart. While this is generally seen as a good thing - after all, it usually means that the stock price is going up - it can also be a sign that the stock is overvalued and due for a correction. Attributable Volume is calculated as: Total volume excluding the "counter wick" volume. That is, they want to see the number of shares traded in the stock they're interested in to be at least 2.5 times the average number of shares traded over the past days. FTX:ETHUSD Hats off to you and your developers; seriously thank you! In contrast, if a stock has a low relative volume, it may be because there isn't much interest in the stock at the moment, or because the price isn't changing much. Gapping bars. Relative volume can indicate that a certain stock is more active or volatile than other stocks in the market. The way you can't plot with "aspercent" or even with "+ "%"" without getting the dreaded "Expected Double" BS. Relative Volume Indicator For ThinkorSwim ankbhard Jun 19, 2019 1 2 Next A ankbhard New member Jun 19, 2019 #1 Hello, Just wondering if anyone knows if TOS has a Relative Volume Indicator.? As such, relative volume can be directly correlated to the potential trends in the market and help identify possible trends. RVOL can be used to: Confirm a break-out Detect the start of a move early Detect the end of a move -------------------------------------- INDEX:BTCUSD In general, however, a good rule of thumb is to look for stocks within the range of 500,000 - 1 million shares traded per day. Similarly, RVOL is often used to determine what stocks are in play for day traders. It calculates relative volume (RVOL) based on the average volume by time of day (rather than a simple moving average). Vacation (251 Trading Days in a Year Remaining) Hi Guys, Ive put a quick video together on a great trade from earlier in the week. If those don't suit, try this: btw, I can't help with color on this one. Relative volume can also be affected by events such as earnings announcements or analyst upgrades/downgrades. If you are new, or just looking for guidance, here are some helpful links to get you started. . Anyone who's interested in stocks has probably heard the term "volume" before. The thread is constantly being updated right up to when this article was written on July 20th 2022 which is a good sign. Additionally, stocks with higher volume tend to be less volatile, making them ideal for investors who are looking for stability. Thinkorswim is owned by TD Ameritrade, which has recently been aquired by Charles Schwab. This is my first script that I will publish here. Clustering spikes. Hi, I would like to ask if there is any study for relative volume on intraday time frames, actual volume done by that time of the day compared to average volume done by that time of day? There are other interesting related indicators, for instance here is the basis of a high relative volume/rvol scanner though the author does caution using it. Here is a Zanger volume study. Let us use the example of Tesla that is shown below. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. When a company's stock price increases rapidly, its relative volume also tends to increase. When it coms to the stock market, relative volume (also known as RVOL) shows traders that a stock is trading "relatively higher" than its average volume. From the developers themselves they say it works by analyzing the average volume in a time frame and compares it to the volume in the same time frame from a previous day. PHEMEX:ETHUSD Thank you BenTen. Of course, it is also important to consider other factors, such as recent news events or EPS results, fund ownership, or other factors. BrianB, Jul 9, 2019 #1 MarkC likes this. If a stock in play has a a fundamental change, particularly to the downside, knowing that many big players may need to puke up the stock can be very helpful. Non-coders can simply use the RelativeVolumeStDev which is included. hbspt.cta._relativeUrls=true;hbspt.cta.load(20705417, 'e60fb8cd-dd93-4a53-a104-2181af862fbc', {"useNewLoader":"true","region":"na1"}); A breakout of a range presents an opportunity to get long or short. The first is RelativeVolumeStDev and the input parameters and plots are given so you can try it out yourself. Please note that this indicator only works with BTC and will not use data from your current chart.
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