Relative Volume Indicator

NinjaTrader 8 Indicator

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 screenshots below, 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.

2 Week Trial / No Payment / No Questions Asked.

Secure Checkout with Paypal

Relative Volume

Indicator for NinjaTrader 8
$ 49 Lifetime License
  • Relative Volume (RVOL)
  • RVOL Factor for Current Day
  • RVOL Factor for Current Bar
  • 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 RVOL Factor To Any chart

Add the indicator to any intra-day chart. Include the RVOL Factor for the Day or Bar!

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
  • Quickly assess the Relative Volume Factor for the Day or Bar.

Get Started Now for $49

OR

Secure Checkout with Paypal

Installation Instructions

License Instructions

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