OPEN-SOURCE SCRIPT
RVol - Time-based relative volume
Important to see whether the stock has significantly more activity than usual.
Alternatively you can use TradingView's built-in "Relative Volume At Time" indicator (anchor timeframe: 1 day, length: 10, calculation mode: cumulative, adjust unconfirmed: true), which is essentially the same - without the colorizing of the bars.
More infos: https://www.reddit.com/r/RealDayTrading/comments/1f2p3hb/from_38_to_81_after_18_months_24_indicators/
Alternatively you can use TradingView's built-in "Relative Volume At Time" indicator (anchor timeframe: 1 day, length: 10, calculation mode: cumulative, adjust unconfirmed: true), which is essentially the same - without the colorizing of the bars.
More infos: https://www.reddit.com/r/RealDayTrading/comments/1f2p3hb/from_38_to_81_after_18_months_24_indicators/
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.