Relative Volume

Relative Volume

Relative Volume

$49.00

In stock

$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.

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Description

  • Works on all intraday time-based bars
  • Supports Total vs Average and Percent of Average displays for each bar
  • Configurable moving average period
  • Real-time audio alerts for above-average volume plus optional chart markers when average volume is exceeded by a configuration threshold

Additional information

Supported Markets

Futures, Stocks & ETFs, Forex

Time Frame

Intraday, Day, Intermediate, Long Term

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