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RVOL Candles | FALCON AI
Falcon RVOL Candles — an educational volume study.
Most volume tools compare the current bar to a rolling average, which mixes the
busy market open with the quiet lunch hour and gives a distorted read. This study
does it differently: it compares each candle to the average volume at that SAME
time of day. The 9:30 bar is measured against past 9:30 bars, the 12:00 bar against
past 12:00 bars — like-for-like. That shows when a move is backed by genuine,
time-adjusted participation versus a low-liquidity drift.
How to read it:
• Extreme — volume ≥ 2× the time-of-day average (unusually heavy)
• High — volume ≥ 1.5×
• Normal — in between
• Low — volume ≤ 0.7× (quiet)
An optional top-right readout shows the live RVOL multiple and its tier.
Settings:
• Thresholds for each tier (multiples of the time-of-day average)
• Fully customizable colors
• Toggle the readout on/off
Notes:
• Works best on intraday timeframes, since it groups volume by time of day.
• Averages build as the chart loads more bars of each time slot — give it history
for a stable read.
• Chart study only: it does not place trades, does not backtest, and has no entry,
stop, target, or position-sizing logic. Your entry, your risk. Not financial advice.
Most volume tools compare the current bar to a rolling average, which mixes the
busy market open with the quiet lunch hour and gives a distorted read. This study
does it differently: it compares each candle to the average volume at that SAME
time of day. The 9:30 bar is measured against past 9:30 bars, the 12:00 bar against
past 12:00 bars — like-for-like. That shows when a move is backed by genuine,
time-adjusted participation versus a low-liquidity drift.
How to read it:
• Extreme — volume ≥ 2× the time-of-day average (unusually heavy)
• High — volume ≥ 1.5×
• Normal — in between
• Low — volume ≤ 0.7× (quiet)
An optional top-right readout shows the live RVOL multiple and its tier.
Settings:
• Thresholds for each tier (multiples of the time-of-day average)
• Fully customizable colors
• Toggle the readout on/off
Notes:
• Works best on intraday timeframes, since it groups volume by time of day.
• Averages build as the chart loads more bars of each time slot — give it history
for a stable read.
• Chart study only: it does not place trades, does not backtest, and has no entry,
stop, target, or position-sizing logic. Your entry, your risk. Not financial advice.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
📊 Falcon AI — automated Futures + Crypto signals · live PF 3.13 · 14-day Setup Guarantee. Free community & live results → thefalconai.com
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
📊 Falcon AI — automated Futures + Crypto signals · live PF 3.13 · 14-day Setup Guarantee. Free community & live results → thefalconai.com
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。