Relative Volume Indicator

NinjaTrader 8 Charting Extension

Relative Volume (RVOL) compares current volume to the average volume for the same time of day during prior sessions. It gives a measurement as to how active the product is being traded. Increased volume can signify the start or end of a move.

In the screenshot above, the RVOL indicator has been added twice with different styling configurations. The orange dots and orange line represent the average of the volume for that specific timeframe over the past 20 days. Notice that at the start of the move there is significantly higher volume than the average.

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Relative Volume

Indicator for NinjaTrader 8
$ 45 Lifetime License
  • Relative Volume (RVOL)
  • Configurable Look Back Days
  • Configurable Styling
  • Up & Down Volume Styling
New

2 Week Trial / No Payment / No Questions Asked.

Indicator Features

RVol Styling

Configure the colors and plot style to suit your needs and preferences

Up & Down Volume

Seperate styling options for both Up & Down volume

Look-Back Days

Configure the amount of days to be used for the calculation of the average volume for each specific time of day

Add To Any chart

Add the indicator to any intra-day chart

Screenshot Gallery

Product Description

Relative Volume (RVOL) compares current volume to the average volume for the same time of day. It gives a measurement as to how active the product is being traded. Increased volume can signify the start or end of a move.

RVOL can be used to:

  • Confirm a break-out
  • Detect the start of a move early
  • Detect the end of a move
  • Expect increased odds of mean reversion throughout the session due to below average volume

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Installation Instructions

  • From the NinjaTrader Control Center winow select the menu Tools > Import > NinjaScript... to open the "Import" Dialog window
  • Select the Chart Spots Relative Volume ZIP File
  • Press the "Import" button
  • On any intraday chart, open the Indicator dialog window, in the Folder Chart Spots, find and add your new indicator to your chart

License Instructions

  • To activate your license after your purchase, make sure to include your Machine ID in the Order Notes during Checkout. You can also send an e-mail with your Machine ID to sales@chartspots..com or use our Contact Form
  • From the NinjaTrader Control Center window select the menu Help > 3rd Party Licensing...
  • Enter "ChartSpots" as the Vendor name.
  • Enter your first name or initials in the User Defined ID field
  • Press the "Submit" button to view your Machine ID number
  • Copy and Paste your Machine ID in the e-mail or contact form

Disclaimer

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

Our Indicators are built exclusively for the NinjaTrader Platform – Our #1 recommended trading platform