OPEN-SOURCE SCRIPT
RVOL/ExpVol/ATR/ExpR

Gives 4 values:
- Relative Volume: needs the first 5M candle to have closed to give a good value then updates every 5 minute throughout the day. Compares to the historical Volume on the last 30 days on the SAME time period from Open.
Most indicators compare to the average volume on any 30min period, thus highly overestimating the RVOL at Open when Volume is higher.
- Expected Volume on the day in Million of shares given the RVOL.
- Average True Range on the last 14 days
- Expected Range on the day given the ATR & the RVOL.
Warning: Expected Range is just an estimation from data I gathered but the Day's range can be way higher or lower than that. Also if RVOL > 3 then the estimation works less & less.
As this was originally coded just for me I don't ask user input for things like the lookback period or the refresh period. You have to make a copy & go in the code and modify it if you want to change it.
Also the data displayed is given for the candle on which your cursor is !
Works best on 5-minute and above chart timeframes.
- Relative Volume: needs the first 5M candle to have closed to give a good value then updates every 5 minute throughout the day. Compares to the historical Volume on the last 30 days on the SAME time period from Open.
Most indicators compare to the average volume on any 30min period, thus highly overestimating the RVOL at Open when Volume is higher.
- Expected Volume on the day in Million of shares given the RVOL.
- Average True Range on the last 14 days
- Expected Range on the day given the ATR & the RVOL.
Warning: Expected Range is just an estimation from data I gathered but the Day's range can be way higher or lower than that. Also if RVOL > 3 then the estimation works less & less.
As this was originally coded just for me I don't ask user input for things like the lookback period or the refresh period. You have to make a copy & go in the code and modify it if you want to change it.
Also the data displayed is given for the candle on which your cursor is !
Works best on 5-minute and above chart timeframes.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。