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Candle Rvol

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Candle Rvol is designed to be used on the 10minute chart, using it on other timeframes will result in unintended outcomes.

Candle Rvol has two dynamic features:

- creates and array for every 10m candle over the last 14 trading days, the current candle volume is then compared against the average of the corresponding candles from the past 14 days to give a dynamic relative volume expressed as a percentage (this means the high volume near the open and close does not skew the average volume data)

- for the current candle Rvol percentage, a check is made every 1m during the 10m candle and if the volume is on track to being over 100% the background will dynamically show a green colour.

Snapshot

Haftungsausschluss

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