Relative Volume Indicator

١٨ سبتمبر ٢٠٢٢

A simple indicator showing the relation of volume to highest volume for a define number of bars. Helps to differentiate periods of low and high volume.

• Define the number of bars to find the highest volume used as a basis.
  
• Apply a simple moving average to smoothen the volume. Set it to 1 to disable smoothing.
  
• Define a threshold differentiating low and high volume.