Relative Volume

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Relative Volume

Postby Apprentice » Fri Jan 07, 2022 7:48 am

AUDUSD H1 (01-07-2022 1345).png

Relative volume = Volume - Average volume for this time of day

- Relative volume tell us if volume flows are increasing or decreasing
- A high relative volume tells us that there is increased trading activity in a security today
- Increased volume flows often accompany higher volatility i.e. a significant price move
Relative Volume.lua
(4.9 KiB) Downloaded 30 times


Averaged Relative volume = Average Volume - Average volume for this time of day
Averaged Relative Volume.lua
(5.04 KiB) Downloaded 27 times
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