INVITE-ONLY SCRIPT
RVOL/ATR Label
Relative Volume and Average True Range are critical for quick decision-making and managing risk. Even if the setup is there for a day trade, having a high relative volume on the name helps with confirmation to put on the risk. Additionally, using ATR to define your risk is a very helpful way to quickly size your trade in the moment. This indicator provides the ability immediately assess whether a trade is worth taking, as well as defining risk for the trade.
HOW TO USE
Our relative volume calculation looks at the cumulative volume up until the current minute of the day, and compares that with the same calculation of the previous 5 trading days. We have provided an "RVOL Threshold" input, which paints the RVOL square green if it is greater than or equal to this number (otherwise, it is red). We prefer an RVOL value of at least 2; however, feel free to change this value to your preference.
OUTPUTS
This indicator prints the RVOL and ATR values in the top right of your chart for quick and easy decision-making (as described above). If the RVOL value is greater than or equal to your RVOL Threshold, the square will be green. Use the color-coding to your advantage when making quick decisions.
Happy Trading!
HOW TO USE
Our relative volume calculation looks at the cumulative volume up until the current minute of the day, and compares that with the same calculation of the previous 5 trading days. We have provided an "RVOL Threshold" input, which paints the RVOL square green if it is greater than or equal to this number (otherwise, it is red). We prefer an RVOL value of at least 2; however, feel free to change this value to your preference.
OUTPUTS
This indicator prints the RVOL and ATR values in the top right of your chart for quick and easy decision-making (as described above). If the RVOL value is greater than or equal to your RVOL Threshold, the square will be green. Use the color-coding to your advantage when making quick decisions.
Happy Trading!
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只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Zeal_Trading。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To gain access, sign up as a Premium member through our website https://zealtrading.net.
提醒：在请求访问权限之前，请阅读仅限邀请脚本指南。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Zeal_Trading。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To gain access, sign up as a Premium member through our website https://zealtrading.net.
提醒：在请求访问权限之前，请阅读仅限邀请脚本指南。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。