Simple Study to display volume data and atr value on the chart. It will display the relative volume in percentage, an average volume and the current volume and ATR value for the time resolution.
Adding showing percentage for each bar so it shows a "history" for relative volume. Select "Enable/Disable Showing RVOL % on Chart" to show relative volume percentage per bar.
How can one check the volume say 4 hours previously? I need to check volume when a trend began. Thanks in advance.
juicy642
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is there a way to add the range of the previous candle to the top right black box so we can compare the Average true range to the current true range?
Forex-Signals-1000-pips
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Can you add Alerts????
robdeleeuw1978
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Nice indicator! How do I move it to middle right of the screen?
dalozification
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@robdeleeuw1978, Theres an setting named "Position Of Chart". There should be an option for "Middle Right"
kilo_1_one
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Hi mate, Thanks for making and sharing. Quick question, why does it turn yellow after 100%? Is it that when we're looking for a Relative Volume of +20% it's actually 120%? Thanks in advance.
dalozification
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@kilo_1_one, in terms of relative volume anything under 100% isn't really a good signal, it turns yellow to let you know it crossed over 100% and turns green with being over 200% which means its time to start really paying attention, i.e. something is about to happen.
webcetdotin
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Hey Dazolification, This one of the best, best and best volume script. Thanks alot. Suggession: It will be wonderful, if you add, the volume that pushed price from Swing low to top, and show the volume dropping from top to bottom. So we can guess when the next cycle will start.
dalozification
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@webcetdotin, sorry for the late reply, can you clarify? You want to show the volume for each bar when it starts showing anything above 100%?