$49.00
The Acme Relative Volume is a familiar volume histogram indicator but with the added feature of a periodic moving average of your choosing. For example, you can place the Relative Volume on 15 minute bars, set the Period to 21 days, and you will see the 21-day moving average of the values on display for each respective 15 minute bar overlaid on the current values. Since this is a time-based volume indicator, it’ll work on any minute chart of any periodicity.
The Relative Volume is particularly useful for understanding whether the volume for a given period is heavier or lighter than the average. Here’s a core scenario – say the first 30 minutes volume of a session is heavier than the average and the first move is down. This can signal a liquidation day early, as liquidation generally happens on higher-than-usual volume. Several other important clues are exposed by the Relative Volume, and thus we think the Relative Volume a must-have in your trading arsenal.
Includes indicator and how-to guide for installation & configuration.
| Supported Markets | Futures, Stocks & ETFs, Forex |
|---|---|
| Time Frame | Intraday, Day, Intermediate, Long Term |
Magic Tape 2 
