OPEN-SOURCE SCRIPT
DAS-Style RVOL
DAS RVOL compares the current 1-minute volume to the average volume of that same minute over the past 14 trading days.
Example:
Current 10:00 AM 1-minute volume = 10M
Avg 10:00 AM 1-min volume over last 14 days = 1M
→ RVOL = 10.0 (or 1000%)
So this is time-of-day specific — not just average volume across the whole day.
Example:
Current 10:00 AM 1-minute volume = 10M
Avg 10:00 AM 1-min volume over last 14 days = 1M
→ RVOL = 10.0 (or 1000%)
So this is time-of-day specific — not just average volume across the whole day.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.