rvol % indicator

leeb82 · Thu, 14 Jan 2021 01:31:34 +0000

Hi, I would really like some help as i am not very handy when it comes to understanding programming. i have read previous posts on rvol indicator but it is not quite what i am after. i would like to try incorporating rvol as a % difference into my trading. So the current vol ( intraday) compared to the average weekly volume. I hope this makes sense. many thanks ,] Lee

This topic has 1 reply, 2 voices, and was last updated 4 years ago by robertogozzi.

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01/14/2021 at 2:31 AM #157739

leeb82

Hi,

I would really like some help as i am not very handy when it comes to understanding programming.

i have read previous posts on rvol indicator but it is not quite what i am after.

i would like to try incorporating rvol as a % difference into my trading. So the current vol ( intraday) compared to the average weekly volume.

I hope this makes sense.

many thanks ,]

Lee

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01/14/2021 at 8:07 AM #157741

robertogozzi

Here you can find something about it https://www.prorealcode.com/topic/relative-volume-rvol/#post-108889.

Try this (not tested):

Timeframe(Weekly) VolW = volume Timeframe(default) Rvol = volume / VolW RETURN Rvol AS “Relative Volume”

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Timeframe(Weekly)
VolW = volume
Timeframe(default)
Rvol = volume / VolW
RETURN Rvol AS “Relative Volume”

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