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Daily Relative Volume+
Daily Relative Volume+
This indicator is designed to show how active the current session is relative to recent history and whether volume is developing at an unusually strong or weak pace.
It is intended specifically for the 1D chart and focuses on regular-session volume.
Relative Volume
RVOL provides a straightforward view of how current session volume compares with recent completed sessions.
The current developing session is kept separate from the historical reference so the comparison remains anchored to completed trading days.
RVOL Pace
RVOL Pace adds time-of-day context to traditional daily RVOL.
Instead of treating an unfinished trading session as directly comparable with completed days, it evaluates how current activity is progressing relative to the stock's own historical intraday volume behavior.
The live RVOL Pace calculation begins once one minute of regular-session data is available.
This is intended to make live daily RVOL more useful earlier in the session, when a simple comparison with completed daily volume can otherwise be misleading.
After the session is complete, RVOL Pace converges with realized RVOL.
Average Volume and Dollar Volume
The indicator also includes:
The Average Volume MA can be shown or hidden independently.
Volume Coloring
When Color Bars Based On Previous Close is enabled, price direction is based on the current close versus the previous close.
When disabled, direction is based on the current close versus the current bar's open.
Live-session coloring incorporates RVOL Pace, while completed sessions reflect realized RVOL.
Dashboard
The configurable table can display:
Usage and Limitations
Methodology
Traditional daily RVOL is useful, but it can be difficult to interpret while the trading day is still developing.
Daily RVOL+ improves on this by adding a time-aware view of current volume progression, giving more context to whether today's activity is merely high so far or is developing into an unusually active session.
This indicator is designed to show how active the current session is relative to recent history and whether volume is developing at an unusually strong or weak pace.
It is intended specifically for the 1D chart and focuses on regular-session volume.
Relative Volume
RVOL provides a straightforward view of how current session volume compares with recent completed sessions.
The current developing session is kept separate from the historical reference so the comparison remains anchored to completed trading days.
RVOL Pace
RVOL Pace adds time-of-day context to traditional daily RVOL.
Instead of treating an unfinished trading session as directly comparable with completed days, it evaluates how current activity is progressing relative to the stock's own historical intraday volume behavior.
The live RVOL Pace calculation begins once one minute of regular-session data is available.
This is intended to make live daily RVOL more useful earlier in the session, when a simple comparison with completed daily volume can otherwise be misleading.
After the session is complete, RVOL Pace converges with realized RVOL.
Average Volume and Dollar Volume
The indicator also includes:
- A conventional daily Average Volume MA.
- Average Dollar Volume for a broader view of typical trading liquidity.
- These use a separate Average Volume Length setting.
The Average Volume MA can be shown or hidden independently.
Volume Coloring
When Color Bars Based On Previous Close is enabled, price direction is based on the current close versus the previous close.
When disabled, direction is based on the current close versus the current bar's open.
Live-session coloring incorporates RVOL Pace, while completed sessions reflect realized RVOL.
Dashboard
The configurable table can display:
- RVOL
- RVOL Pace
- Average Volume
- Average Dollar Volume
Usage and Limitations
- Designed only for the 1D timeframe.
- RVOL-related calculations focus on regular-session activity.
- RVOL Pace is a historical volume-based estimate, not a prediction of price direction.
- News, catalysts, and unusually event-driven sessions can cause final volume to differ substantially from the pace reading.
Methodology
Traditional daily RVOL is useful, but it can be difficult to interpret while the trading day is still developing.
Daily RVOL+ improves on this by adding a time-aware view of current volume progression, giving more context to whether today's activity is merely high so far or is developing into an unusually active session.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.