Relative Volume

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

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
User avatar
FXCodeBase: Confirmed User
Posts: 30951
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 7 guests