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
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”