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Booker - Relative Volume Signals
Booker RVOL is a momentum breakout indicator designed to identify stocks experiencing unusual buying pressure during the regular trading session.
The indicator looks for a very specific setup often seen in high-momentum small-cap stocks:
* Trading between a user-defined price range (default: $1–$20)
* Up significantly on the day (default: +30% or greater)
* Trading with meaningful liquidity (default: 500,000+ shares)
* Relative Volume (RVOL) above a minimum threshold (default: 4x normal volume)
* Price trading above both VWAP and the 9 EMA
* A breakout above the premarket high
* A bullish “drop-and-pop” pattern, where a red candle is immediately followed by a breakout candle
When all conditions align, the indicator generates an LB RVOL signal and marks the chart.
Included Features
* Relative Volume (RVOL) calculation
* Premarket high tracking
* VWAP and 9 EMA trend confirmation
* Daily gain and volume filtering
* Customizable price range filters
* Entry markers and RVOL labels
* Alert support for automated notifications
Default Philosophy
The default settings are optimized for identifying explosive small-cap momentum stocks that are:
* Gapping higher
* Trading heavy volume
* Holding above key intraday support levels
* Breaking through important resistance levels
Rather than generating frequent signals, LB RVOL focuses on finding rare, high-conviction momentum setups where multiple bullish factors are aligned at the same time.
Signal Interpretation
A signal does not guarantee a successful trade. Instead, it highlights a stock exhibiting:
1. Exceptional relative volume
2. Strong intraday trend structure
3. A breakout above premarket resistance
4. Evidence of continued buying pressure
Many traders use these signals as a starting point for further analysis, including risk management, dilution risk assessment, chart pattern review, and broader market context.
LB RVOL was built to help traders quickly identify stocks attracting institutional and speculative attention before significant intraday moves develop.
The indicator looks for a very specific setup often seen in high-momentum small-cap stocks:
* Trading between a user-defined price range (default: $1–$20)
* Up significantly on the day (default: +30% or greater)
* Trading with meaningful liquidity (default: 500,000+ shares)
* Relative Volume (RVOL) above a minimum threshold (default: 4x normal volume)
* Price trading above both VWAP and the 9 EMA
* A breakout above the premarket high
* A bullish “drop-and-pop” pattern, where a red candle is immediately followed by a breakout candle
When all conditions align, the indicator generates an LB RVOL signal and marks the chart.
Included Features
* Relative Volume (RVOL) calculation
* Premarket high tracking
* VWAP and 9 EMA trend confirmation
* Daily gain and volume filtering
* Customizable price range filters
* Entry markers and RVOL labels
* Alert support for automated notifications
Default Philosophy
The default settings are optimized for identifying explosive small-cap momentum stocks that are:
* Gapping higher
* Trading heavy volume
* Holding above key intraday support levels
* Breaking through important resistance levels
Rather than generating frequent signals, LB RVOL focuses on finding rare, high-conviction momentum setups where multiple bullish factors are aligned at the same time.
Signal Interpretation
A signal does not guarantee a successful trade. Instead, it highlights a stock exhibiting:
1. Exceptional relative volume
2. Strong intraday trend structure
3. A breakout above premarket resistance
4. Evidence of continued buying pressure
Many traders use these signals as a starting point for further analysis, including risk management, dilution risk assessment, chart pattern review, and broader market context.
LB RVOL was built to help traders quickly identify stocks attracting institutional and speculative attention before significant intraday moves develop.
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.