OPEN-SOURCE SCRIPT
RVOL Candles | Falcon AI
Tints each candle by its relative volume, measured against the average volume for that SAME TIME OF DAY over a rolling window of prior sessions.
That is the part that makes it different from a plain volume average. Intraday volume is seasonal: heavy at the open and into the close, thin around midday. Compare a 10:00 bar against a flat all-day average and every open looks like a spike, because the average is dragged down by the quiet hours. Compare that 10:00 bar only against previous 10:00 bars and you get a like-for-like read, so a genuine surge stands out and a busy-looking open that is merely normal does not.
Candles are shaded across four tiers: below-elevated, Elevated, High and Extreme, each a configurable multiple of that time-slot average. Extreme bars can also carry a marker and an optional RVOL value label.
On daily and higher timeframes there is no time-of-day seasonality to correct for, so the script falls back to a simple rolling volume average.
Settings: lookback in sessions, the three tier multiples, recolor-everything or only-elevated, colours, extreme marker on/off, value label on/off, watermark position.
Notes on honesty: the current forming bar is never pushed into the historical average, so the reading does not contaminate its own baseline. Volume quality depends on your data feed, and symbols with no volume data show no tint.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, target or position-sizing logic. It is a volume study and nothing more. Your entry, your risk.
Educational tool only. Not financial advice. High volume on its own is not a signal.
That is the part that makes it different from a plain volume average. Intraday volume is seasonal: heavy at the open and into the close, thin around midday. Compare a 10:00 bar against a flat all-day average and every open looks like a spike, because the average is dragged down by the quiet hours. Compare that 10:00 bar only against previous 10:00 bars and you get a like-for-like read, so a genuine surge stands out and a busy-looking open that is merely normal does not.
Candles are shaded across four tiers: below-elevated, Elevated, High and Extreme, each a configurable multiple of that time-slot average. Extreme bars can also carry a marker and an optional RVOL value label.
On daily and higher timeframes there is no time-of-day seasonality to correct for, so the script falls back to a simple rolling volume average.
Settings: lookback in sessions, the three tier multiples, recolor-everything or only-elevated, colours, extreme marker on/off, value label on/off, watermark position.
Notes on honesty: the current forming bar is never pushed into the historical average, so the reading does not contaminate its own baseline. Volume quality depends on your data feed, and symbols with no volume data show no tint.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, target or position-sizing logic. It is a volume study and nothing more. Your entry, your risk.
Educational tool only. Not financial advice. High volume on its own is not a signal.
开源脚本
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📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。