Multi Exchange Relative Volume - FOREX

2022年6月13日

Hello traders! This is my first script that I will publish here. This script calculates the relative volume based on the average volume at that time of the day across different brokers.

2022年7月13日

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some small bug fixes

2022年9月15日

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Bugs fixed for the smaller timeframes

2022年9月15日

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Color update

2022年9月15日

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Update visual example

2022年9月15日

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Update visual example

2022年9月15日

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Update visual example

2022年9月17日

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Make the script available for non forex pairs as well

2022年9月18日

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Small bug fix

2022年9月22日

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The indicator is no longer seen as a separate screen but you can add the volume to the chart itself now. Just make sure that you set the bottom margin as 0 in Settings / Appearance

2022年10月16日

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Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the "average" volume for this time of the day.
And this indicator does this over 5 different forex brokers.

The common definition for real-time relative volume is: Current volume for that volume bar / Average volume bar on that moment. It does mean taking the volume (for example) from 10:30 am to 10:45 am and comparing it to what it does from 10:30 am to 10:45 am every day.

2023年5月26日

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Removed the Globalprime broker, and change it to Eightcap

2024年6月25日

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I will no longer be developing this script further because I have released a new script where the exchanges are not fixed in a dropdown menu, making it suitable for use with cryptocurrencies as well. Consequently, I have decided to discontinue the development of this script.