PROTECTED SOURCE SCRIPT
Cumulative Relative Volume- Intraday (RVOL)
This Indicator checks the current day's cumulative volume at sometime t and compares it to the average cumulative volume traded over the last 14 days, till the particular time t. this helps in identifying how the trajectory of the volume is growing or reducing through the day. if the RVOLS are high and remains high throughout the session, then the intensity of buying is high. along with any price action this could give a confirmation to a breakout or a breakdown
Protected script
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.