This script combines two correlation indicators into one:
Volume Oscillator Correlation
Price Correlation
Rationale : This script is predicated on the following premise: we rely often on price correlation. However, we overlook volume-volume correlation too often. The volumetric correlative decoupling of an equity and index or equity - equity can yield...
DTR vs ART along with Relative Volume in Percentage. So if you see RVol as 200% with input length of 10 days, today's volume is 2x compared to past 10 days. It helps if today's volume is already reached 20% or 30% within 30mins of market open, etc.
This tool calculates the relative volume (RVOL) based on the normal average volume at that particular time of day.
Relative volume is a powerful piece of information because it offers a gauge as to whether a stock is in play or not. If RVOL is less than 1 it is not in play on this trading day or during this timeframe. If RVOL is above 2, it IS in play and can...
Freedom of Movement Indicator
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In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of...
English version below
Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also...
// English description below
Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen...
Built-in volume script allows you to enable moving average over the volume. It is useful, but not as effective since it doesn't rate extremes which are the most interesting part about volume.
Black Corsair script adds two more measurements. One that picks highs over 100 periods and averages them. It is called High Tides. The other, Low Tides, picks lowest levels...
This script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods).
The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
This script sums the volume for the selected period and compares it to the selected period before that. It works on a rolling basis, so it is suitable for 24/7 markets such as crypto. That is the main difference between this and the regular RVOL indicator. Of course lower timeframes can also be selected for comparing changes in volume, but you should be aware how...
This indicator is highly experimental and settings are meant to be adapted to your time frame and asset of choice.
This indicator is a moving average that focuses on relative volume instead of all volume. It only factors in prices of candles that are meeting your relative volume input.
The multipliers can be used to smooth your average towards buy side or sell...
Simple.
NYSE only.
0700am-1200pm only.
5 minute candles only.
The code compares the cumulative volume of the current day to the 20 day cumulative average up to that same point in time.
This is commonly referenced as the Zanger Ratio.
The colors are based on the that version.
Below 60 = drying up (grey)
Above 60 = below average (orange)
Above 80 = average...
So my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index...
author: kurtsmock
Fully Customizable ticker set. Up to 30 Tickers. Bitcoin set as default.
-- IMPORTANT NOTE: --
30 Exchanges are a lot. It can take a while to load. You can fully customize this indicator to your liking. Here's how:
1. Load indicator
2. Open Settings
3. Uncheck the switch box for exchanges you want unincluded
4. At the bottom of the settings...
Relative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time.
It is often used to help traders determine how in-play a ticker is.
General rule of thumb is the higher the RVOL, the more in play a stock is.
I myself like to use it as a substitute of the volume indicator itself.
Basic Calculation:
Relative...
Hi everyone
The today's script was suggested by a follower.
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1 minute of Knowledge
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Many traders look at volume as a pre-signal that a move may happen.
In trading, some say that "the volume precedes the movement".
This simply means that often volume will increase before a significant...
Relative Volume ( RVol ) is a critical measure of volume flows. It measures current volume in relation to the "usual" volume for this time of the day.
Rate of Change ( RoC ) is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago.
Relative Volume for 3 minute charts ONLY.
Lookback 20 days.
Historical and average values are used to formulate the ratio.
Thank you to R4Rocket for the initial code.
I also researched the RVOL output in Trade Ideas to align the final ratio as close as possible.
The colors change at different levels:
<0.5 ; Red
0.5 > and <=.65 ; Orange
0.65 > and...
![AMD: Volume Correlation Indicator [Fournier-Eaton]](https://s3.tradingview.com/y/YBFRCGPM_mid.png "Volume Correlation Indicator [Fournier-Eaton]")
