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TickSurfers RVOL

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RVOL (Relative Volume) is correctly measured by comparing the current volume to the average volume at the same time in previous days. This detail is usually overlooked in most other RVOL calculations that compare current volume with the average daily volume of the previous days, ignoring the time component.

This indicator gives you the option to compare either volume or cumulative volume at the same time in previous days. The lookback days is adjustable and so are the thresholds to color RVOL that is above average.

A few limitations:
  • This formula is considered complex by TradingView and may timeout if it runs for too long. To fix this, consider one of the following options: a) shorten the number of `Calculated bars` in the settings b) shorten the lookback days, or c) switch the chart to a higher intraday timeframe.
  • The volume presented by TradingView may not correspond to the volume in other exchanges. Some exchanges retroactively adjust the volume to better reflect the total volume for that day. As such, the RVOL value may not be accurate. To ensure an accurate reading of RVOL, it's best to have TradingView connected to your broker with live data. Alternatively, a data plan through TradingView may be considered.
版本注释
Optimized RVOL formula and updated to avoid time-out errors.
版本注释
Added additional setting for identifying lower than usual RVOL
版本注释
Added 4 modes of calculation to give more granularity to type of volume analysis desired.

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。