This is a Volume indicator that also shows Relative Volume at Time (RVOL).
The RVOL is easily visible as a background color, that changes between Low and High RVOL colors.
The RVOL portion of the indicator is a modified version of the 'Relative Volume At Time' indicator by Tradingview (which has been the best/most accurate RVOL indicator i have seen yet on...
This script colors bars whenever their volume has exceeded more than a standard deviation (or multiples of it) from a given amount of bars in the past.
Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
This indicator highlight candles when Volume surge "X" times in compare of last "n" candle.
It helps you to find moments of market which Volatility and Position volumes raise significantly.
In other words, It shows footstep of "Big Banks" or "Whales" or other Giants ;)
- default value highlight candles when Volume is 2 time more than average of last 30 candle....
Hello Traders,
I hope you're all doing well and enjoying your holiday!
Today I am releasing a Relative Volume and Price Volume Trend indicator that will help traders assess current price action based on its volume and trend.
Volume is one of the most important aspects of trading that is often overlooked by new traders. Generally, when the volume is higher than...
Welcome to niceVOL - a quick display on if todays volume is above or below the average 30 day volume.
- When niceVOL is displayed in red and the number is below 100 we know todays volume is below average.
- When niceVOL is displayed in blue and the number is above 100 we know todays volume is above average.
The niceVOL indicator in the chart above is displaying...
Script is designed predominantly for Indian users. Many are used to looking at numbers in lakhs and crores vs millions and billions, this provides a volume figure in rupee crores.
Formula is last close_price x volume / 1 cr or (close_price x volume /10000000). The second figure is the simple moving average (default to 20sma ) again in rupee crores. The third is...
Relative Volume shows traders how "in-play" a current stonk is. Works great for day traders and scalpers!
Volume of Current TimeFrame's ratio to the average volume over X days back on the same time frame.
ie .
z = Volume at 0930-0940am over X days period divided by X
rVol = current volume divided by z
Dots at the bottom to indicate candles whose RVOL is morethan...
This is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation.
I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community.
Relative volume...
This strategy will enter into long position when (a) current volume is above the average volume, and when (b) volatility of prices (based on ATR) is relatively low.
Backtested on hourly timeframes, win rates range between 35% to 50% on stocks with positive drifts (i.e. tendency to move upwards). Default setups are as follows:
- Average volume is computed using...
Relative volume compares the volume at a specific time in the trading day versus the prior volume at the same time of day over a specified range. This is an ideal way to gauge if there is significant volume driving a price move, either up or down.
What's Unique About this Relative Volume Indicator?
Many relative volume indicators simply divide the current volume...
Volume plus provides volume insights to identify increase or decrease in relative volume or sudden volume expansion that exceeds the average. Based on the period selected the script displays the color code.
Features
1. Two different sensitivity levels can be selected for volumes and coloring.
2. Whenever the volume is higher than the selected SMA, volume bars...
Simple Study to display volume data and atr value on the chart. It will display the relative volume in percentage, an average volume and the current volume and ATR value for the time resolution.
Thank you to @PriceCatch for the ATR code
ENGLISH & SPANISH
------------------------------------- ENSLIGH
The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this.
Concept:
It changes the color of volume bars based on surrounding volume changes.
Volume changes are...
This strategy will Long when:
Confirmation #1: when volume is relatively high
Confirmation #2: during periods of price consolidation (See )
It exits when either (a) stop loss limit is reached, or when (b) price actions suggest trend is bearish.
Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by...
This script is for Relative Volume Percentage.
Lookback Period is the average period to include compare with current bar.
RVOL multiplier is the threhold % for relative volume. (In Color)
I have enabled coloring for different bar which let user easy to determine BUY or SELL Relative Volume
RELATIVE VOLUME
BUY - BLUE
SELL - RED
Can be used in smaller timeframe...
Relative Volume Table in percent. So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected.
1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY.
2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly...
This indicator provides a way to use Relative Volume Gradient Paintbars on an alternate/comparison symbol while still looking at your main charted symbol. For instance, this allows you to plot the ES1! or SPY or QQQ above/below your charted symbol, and see its current Relative Volume signal, and compare that to the your currently-charted individual stock symbol,...
RSI , Money Flow Index and Anormal Relative Volume indicator.
How the indicator works ? You have dot's on the top to show you the anormal relative volumes (you can adjust it with the treshold), you have a classical RSI cloud wich give you an quick opinion about the trend momemtum strengh, and the bar on bottom gives you a quick hint on the actual moneyflow...
![AXP: [KL] Relative Volume + ATR Strategy](https://s3.tradingview.com/e/e1iapmtK_mid.png "[KL] Relative Volume + ATR Strategy")
![BTCUSDT: SVA - Simple Volume Analyzer, by BlueJayBird [bjb]](https://s3.tradingview.com/g/G4YdC6vT_mid.png "SVA - Simple Volume Analyzer, by BlueJayBird [bjb]")
![AAPL: [KL] Relative Volume Strategy](https://s3.tradingview.com/h/HNmT0VUi_mid.png "[KL] Relative Volume Strategy")
