Relative Volume (RVOL)

Category: volume

Measures current bar volume against the average volume for the same time of day over the previous N days. Highlights periods of unusual market activity.

Formula

RVOL = V[t] / (\frac{1}{N} \sum_{j=1}^{N} V[t - (j \times BarsPer24h)])

Inputs

• InpAveragingDays (default: 5)
• InpVolumeType (default: VOLUME_TICK)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.