And most importantly, stay calm and don't let emotions get the best of you. Trading With The Relative Volume Indicator TrendSpider 41.2K subscribers Subscribe 201 Share 9.8K views 1 year ago Relative Volume (RVOL) is an indicator that visually shows traders how. 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. 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.? While this tool does have its drawbacks, it has been and continues to be a great indicator to help traders sort and filter stocks to trade. Press J to jump to the feed. Or indeed, have they discovered the infinite money glitch and now need someone to code it? 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? 1. We'll also provide some examples to help illustrate how relative volume works. Thank you Deus. The first is RelativeVolumeStDev and the input parameters and plots are given so you can try it out yourself. Whatever you do, make sure you manage your risk no matter what! 2. So what is relative volume? I don't want another window open on my computer. Up to 30 Tickers. Really need RVOL to be able to execute my trading plan. This ensures that there will be enough buyers and sellers to provide liquidity in the market. If a security with an RVOL ratio of 1.0 over a 10-day period suddenly increases to 2.0, it has twice the average volume, essentially. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. There are plenty of things about TOS that upset me. It is based off Dickover's RelativeVolumeStDev above and there are 3 slightly different variations of it. Do they need some more powerful functionality that the other versions don't have? INDEX:BTCUSD There are other choices. from scriptstotrade which has a one-time fee of $97. You have a number options available to you to add a RVOL indicator on Thinkorswim. I felt obligated to give something back to the community. No one can ever exhaust every resource provided on our site. I tried to copy above code but i don't see anything on the chart. But there are hundreds of other combinations of modes and volume source calculations that this indicator supports as well, that I haven't even scratched the surface of.I've recently added Open Interest and Implied Volatility as potential volume sources, in addition to the normal share volume, trade or tick count volume, and range comparison.Whatever your trading style or timeframe, this indicator can be seamlessly added to your chart layout, and best of all it doesn't have to take up any extra screen real estate!Whether you trade stocks, futures, forex, or even cryptocurrencies like Bitcoin, this indicator can give you valuable information about the volume flow that you wouldn't have been able to effectively see before.#########Get it here!https://easycators.com/relvol#########Related terms: relative volume and volume price analysis, volume, technical analysis, ticks, trade count, trade volume, share volume, contract volume, session volume, order flow, tape reading, volume signals, volume confirmation, volume strength, how to read volume, price action setups, stock market, stocks, futures, options, and forex are all terms that are related to Thinkorswim relative volume indicators.SUBSCRIBE! https://easycators.com https://youtube.com/easycators?sub_confirmation=1 https://facebook.com/easycators https://twitter.com/easycatorsDISCLAIMER: WE ARE NOT CERTIFIED FINANCIAL ADVISORS AND NOTHING ON THIS VIDEO OR PAGE OR CHANNEL IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, AND NEITHER ARE ANY OF THE PRODUCTS OR CONTENTS OF THIS CHANNEL OR VIDEO OR PAGE OR SITE INTENDED TO INSTRUCT YOU ON HOW TO MAKE TRADING OR INVESTING DECISIONS. This blog post will explain what relative volume is and how you can use it to improve your trading performance. nice post and I second the plea to have thinkorswim get some new tools. It is often used to help traders determine how in-play a ticker is. But what is volume, and why is it important? It can help you determine when a stock is getting ready to make a move, and it can also help you spot liquidity gaps. More trades mean more shares changing hands, and as a result, the relative volume of the stock increases. Here is a Zanger volume study. POLONIEX:ETHUSDT, Relative Volume indicator that pulls data from 9 different Bitcoin exchanges. Not a recommendation of a specific security or investment strategy. One method to add a Relative Volume/RVOL Indicator on Thinkorswim is to use the free indicators developed by Melvin E. Dickover. Unlike many conventional support and resistance indicators, the Relative Volume StDev takes into account price-volume behavior in order to detect the supply and demand pools. This tool can be used to identify stop loss hunters and organized dumps. Using your platform and being able to see charts, and a market maker / LVL 2 stream, with little to no delay, has literally changed my life. Conversely, if RVOL decreases as prices fall, it could indicate that the trend is losing steam and may reverse. You can calculate relative volume by dividing the stock's current volume by its average volume. This simply means that often volume will increase before a significant Traders and investors who visit us every month, Top website in the world when it comes to all things investing, From 1M+ reviews. Professional access differs and subscription fees may apply. some of the pattern logic was located throughout the internet and is not mine. Volume can be a very useful tool if used correctly. If you do find one, I would need assistance installing it/setting it up as a watchlist as well. Please read the NFA bookletTrading Forex: What Investors Need to Knowprior to trading forex products. Both are built in. This is displayed in the form of a ratio; which means that if the trader spots a volume of 4. Please read theRisk Disclosure Statementprior to trading futures products. It's important to experiment with different settings in order to find what works best for you. Thank you! Description. Using MACD as a reference, the strategy identifies when the MACD line crosses over (a factor in a buy signal) and under (a factor in a Sell Standard candle pattern identifier like many already available, however this one allows to filter with ATR or RVOL to help remove false signals. Thank you BenTen. RVOL, or Relative Volume, is a technical indicator that measures the average volume of a security over a specific period of time, usually 10 days. For a better experience, please enable JavaScript in your browser before proceeding. The RVOL indicator is calculated in a relatively simple way. This is my first script that I will publish here. The average amount of shares it traded prior to this day was around 130k. Do these tools not fulfill the job poster's requirements? Thinkorswim is owned by TD Ameritrade, which has recently been aquired by Charles Schwab. These pools are marked by Defended Price Lines (DPLs), also introduced by the author. 7.31K subscribers Download here: https://easycators.com/thinkscript/re. We first introduced our ThinkOrSwim volume data Thinkscript back in March of 2019, and since then it has seen over 10,000 downloads from active traders. 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. Others may include the RVOL ratio in the order montage or another data window. The Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. We provide custom ThinkScript add-ons and tutorials to help people use the ThinkOrSwim trading platform from TD Ameritrade. 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. Relative Volume (RVOL) measures the amount of trading activity in stock relative to its average activity level over a given period. 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. Is this a standalone or how do I add it to the watchlist?! Get it here!https://easycators.com/relvolThe Thinkorswim Relative Volume chart indicator is the most important indicator that I use, and it's the one indicator I've created that I'm the most proud of.Over the years since I originally released RelVol, my own trading strategy has shifted, and so has my use of the indicator. This works well with many different time intervals but was developed with 15-minute intervals in mind. 30 Exchanges are a lot. 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. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Your email address will not be published. Why on earth would anyone compare volume at 2pm with volume at 10pmwhich is always triple average volume simply because it's the opening hour??? On behalf of the internet: Do it for the fucking children. RVOL is calculated by dividing the security's current volume by its 10-day average volume. 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. 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. following these steps should help you to find the relative volume in thinkorswim.Relative Volume Indicator for TD Ameritrade Thinkorswim - Update 2.6. It's it trading less than 5 figures no one will probably ever want to trade it anyways. General rule of thumb is the higher the RVOL, the more in play a stock is. This just means that they will have the ability to get in and out of a trade with ease if using large size/shares. Or you can buy the paid version from scriptstotrade. Try that. I haven't tried this tool myself but I would like to hear more about the disadvantages of it. Stock with a high relative volume is more likely to be bought and sold than a stock with a low relative volume. 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. Go to desired timeframe. How can I take that code and create a watchlist for RVOL? Please let us know (share) the Zanger V Ratio once (if) you develop 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. None of our products are endorsed by TD Ameritrade or any of its affiliates. Not sure why people are downvoting you, these would be awesome tools to add to an already awesome toolbox. We don't need the exact number or shares. RVOL indicator compares current volume levels to past levels, providing insight into whether a stock is being heavily traded or not. 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. Please note that this indicator only works with ETH and will not use data from your current chart. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. specifically the relative volume. 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, Copyright 2023 Scriptstotrade - Bolivia - Aniceto Padilla Street #228. On the day of the news, it gapped and traded over 37 million shares. Instead, volume is relative to the individual stock. If you are able to measure RVOL, you are able to know if the trading activity for a stock is increasing or not Relative Volume is a ratio that is derived by comparing the current volume to the average volume over a given period length RVOL is the key to understanding volume flows This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Includes the following exchanges: 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. __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. Says "Invalid statement: AddLabel at 3:1". This is the built in code of TOS for RelativeVolumeStDev. In order to use RVOL effectively, you need to be aware of the different ways that it can be displayed. Short Float % - Don't need the exact number, just 00% or 00.00%. Relative Volume is calculated by taking the ratio of current volume relative to a moving average of your choice. Thanks I made it work, but the yellow color background makes the numbers unseeable. 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. Hey, could I see your rVol thinkscript? As such, relative volume can be directly correlated to the potential trends in the market and help identify possible trends. RVOL / Relative Volume - I found a way to jam this in via ThinkScript, but this really should be a standard feature. Next trading sesh I'm going to have a nice little chat with TD Ameritrade. Some charting tools, for example, will represent it as a line graph, whilst others would display it as a histogram. 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". The critical indicator value exceeding which will indicate the spike. RVOL can be used to: Confirm a break-out Detect the start of a move early Detect the end of a move FTX:ETHUSD You can use relative volume to your advantage and make better stock trading selections with practice. It may not display this or other websites correctly. The ThinkOrSwim team seems to really care about what they do and I guess I'm just hoping that if this got enough attention, that it would appeal to their better nature. Please note that this indicator only works with BTC and will not use data from your current chart. So 10,5000,000 could just be 10.50M or 50,000 could just be 0.05M something more condensed so it doesn't become useless and can actually fit into watchlists. I wasn't going to opensource it. A high RVOL indicates that a stock is being heavily traded, while a low RVOL indicates light trading activity. The RVOL is easily visible as a background color, that changes between Low and High RVOL colors. You are using an out of date browser. RVOL compares current volume levels with past levels to gauge the intensity of trading activity. It helps if today's volume is already reached 20% or 30% within 30mins of market open, etc. Relative Volume can be a leading indicator for predicting future price movements. This is a Volume indicator that also shows Relative Volume at Time (RVOL). It's funny, this post is a year old and we are STILL talking about this. 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. As the stock rocketed on the news of a potential vaccine for monkey pox, shares of the company exceeded recent trading activity averages. This is another indicator that there are forum posts after forum posts and communities that have had to work together to figure out a workaround. 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. 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. For this reason, relative volume can be used to identify momentum or potential trends in the market. *For illustrative purposes only. Increased volume can signify the start or end of a move. 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. The indicator can be used to identify stocks that are trading above or below their historical averages, which can be helpful in making trading or investment decisions. It calculates relative volume (RVOL) based on the average volume by time of day (rather than a simple moving average). Because of that, I've continually tweaked it, improved it, added new features, and made it more efficient.So I thought it was about time to do a new video walking through all the features and functions of the indicator so that traders can see all the powerful functionality that I've built into it, that allow endless possibilities for customization and exploration of potential trading edges.There is SO MUCH potential here from what I've seen, that I simply don't have the time in my own life to explore every type of volume signal that can be found and traded using this indicator. 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). What are Good, and Bad, Questions to Ask When Buying a Business. You can fully customize this indicator to your liking. 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. Very large bars. RVOL is calculated by dividing the security's current volume by its 10-day average volume. There are a few different ways to measure volume, but one of the most common is to simply look at the number of shares that have been traded over a certain period of time, such as a day, week, or month. Our forum can be intimidating, if not overwhelming. Additionally, stocks with higher volume tend to be less volatile, making them ideal for investors who are looking for stability. As day traders you will have a slew of data to Table of Contents How to calculate the number of trading days in a year Number of Trading Days in 2014 How Many Days Can you Actually Trade Per Year? At the time of writing on July 19th 2022 there are 7 reviews with 6 of them being 5 stars and make it sound like the tool will change your life. 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. PHEMEX:ETHUSD 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. Your email address will not be published. I have simply cobbled it together and added the filters. Once you've found the 'Volume' category, you can then select the 'Relative Volume' study and hit 'Apply.' Not all clients will qualify. 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. 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. Nothing contained herein is intended as investment advice. For example, if a stock has an RVOL of 2.0 and is trading at $10, it may be worth considering as an investment since it is trading at twice its average volume and may be due for a price increase. This epic tool is our newest indicator and aims to identify areas of price that are exhausted. BITFINEX:ETHUSD This script will screen 12 different stocks and current chart (13 in total) for entry points from my relative volume indicator. The ratio of that 10-day period would be equal to 1.0. When swing trading, many traders look for a relative volume of at least 2.5 to 1. Once you're in the Charts tab, you'll want to choose the 'Studies' drop-down menu and select 'Edit Studies.' This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register. If you're a day trader, you understand how critical it is to access trustworthy information that allows you to make quick, informed judgments. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. First, you'll want to select the 'Charts' tab at the top of your screen. RVOL spikes occur when today's volume surpasses recent ranges. 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. The first is RelativeVolumeStDev and the input parameters and plots are given so you can try it out yourself. "Evidence-Based Support & Resistance" by Melvin E. Dickover. 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. Description The Relative Volume StDev is a support-resistance technical indicator developed by Melvin E. Dickover. Make sure you test your buying and selling strategies before you risk any money based on RVOL. In fact, the RVOL may indicate how much size they can use, if any.Along those lines, if a stock is typically only trading 20,000 or 200,000 shares on a daily basis, then suddenly spikes to 10s of millions of shares, this becomes a potentially tradeable stock for the day.In May of 2022, SIGA was a perfect example of this. You could try to build what you are looking for using this as a template: Join 2,500+ subscribers inside the useThinkScript VIP Membership Club, VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. The Relative Volume StDev is a support-resistance technical indicator developed by Melvin E. Dickover. Some traders believe that a stock needs at least a 2.0 RVOL, or 100% increase in relative volume to be considered as a stock "in play" for that day. Conversely, relative volume depressed values happen when today's volume is subdued compared to recent activity. Learn all about VIP membership, To access the premium indicators, which are plug and play ready, sign up for VIP membership. The theory behind it is that Relative Volume (manually computed or through a RVOL indicator on Thinkorswim) can indicate the volatility of a particular stock. RVOL, or Relative Volume, is a technical indicator that measures the average volume of a security over a specific period of time, usually 10 days. Really need RVOL to be able to execute my trading plan. 2. No matter the reason, it only means that the stock is worth paying attention to. 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. You must log in or register to reply here. BITSTAMP:ETHUSD In the world of penny stocks and momentum stocks, traders often look for high relative volume to determine whether a stock is in play or not. 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.
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