Trade Context Relative Volume With BarsThis indicator will show you the relative volume today vs. the last X number of days.
This way, you don't have to wait until the end of the day to see how the volume compares to previous days.
Volume=Volatility so this helps give us a gauge for projections for the day.
This will only work with minute bars.
Enjoy
Relativevolume
Trade Context Relative Volume With BarsTrade Context Relative Volume with bars is an indicator that shows how much volume we have at a particular time of day when compared to the last X number of days.
The beauty of the indicator is you do not have to wait until the end of the day to see the average volume for today's session.
This indicator only works on minute bars and it will give you the relative volume for each bar, and a cumulative ratio for the entire day (up to that point).
Enjoy.
Relative Force Significant Support & Resistance
Force is best described as net buying or net selling pressure. It is measured by weighting volume by the direction and magnitude of period price change. Hence higher volume or big positive price level changes will result in high net buying pressure, vice versa.
The Relative Force Significant Support & Resistance indicator takes it a step further by denoting the price levels when the short term force deviates significantly from the long-term mean. So when significant net buying or selling force is detected, the prevailing price level is set as a SSR level until the next significant force event.
How to use the Relative Force SSR
SSR levels consist a mixture of red and green dots. Green dots denoted net buying pressure and red dots denotes net selling pressure.
Price action tends to cluster around SSR levels as these are price levels where the bulls and bears are trying to find an equilibrium. For example, in an uptrend, significant net buying is usually a sign of impending weakness as the bull volume have been expended and there are no net incremental buying volume to support the uptrend.
Vice versa, significant net selling volume in an uptrend which does not result in a price correction means there are sufficient bulls to soak up the selling volume.
To simplify matters:-
#1 Price action above SSR levels implies stock is in uptrend
#2 Price action below SSR levels implies stock is in corrective mode
#3 Clustering of SSR levels implies range bound price action
This indicator is time frame independent, so feel free to adjust the chart resolution to see higher level support/resistance levels or to gauge entries in lower time frames.
Volume, Relative Volume HighlightThe indicator plots regular volume bars.
The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
% Volume (%V)Read about it in the book of Buff Pelz Dormeier "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" .
Normalized volume ( %V ) is a concept that uses an average of volume to plot volume. The volume total for the current bar is divided by the average volume (over the last n bars) to form a ratio. This ratio is multiplied by 100 and plotted in the same way that traditional volume is plotted as vertical bars on the horizontal plane, which creates a normalized volume scale of 0 to 100 . This allows for easy interpretation of volume’s relative movements, with 50 being typical or average volume, numbers below 50 being light volume, and numbers above 50 being heavier volume.
Good luck!
Relative Volume - VPA / VSA / Better VolumeVolume is important.
Volume is VERY important.
But all the existing methods of volume analysis and order flow analysis fall into the same trap: they're all extremely complicated, hard to learn, and difficult for the human brain to distill down to an actual, tradable signal.
The Relative Volume Gradient Paintbars indicator seeks to address this issue by reducing and simplifying concepts from Volume Price Analaysis (VPA), Volume Spread Analysis (VSA), and Market Profile / Volume Profile into a single indication with varying levels of intensity. Rather than adding more complex symbology and cluttering up your charts with arrows and signals and lines as many volume indicators do, relative volume intuitively takes advantage of the dimension of color, and plays to your brain's automatic recognition of color intensity to highlight areas of interest on a chart where large volumes are being traded. These areas can in turn point out levels of support and resistance, or show strength in a move, exposing the actions of larger market participants that are behind a move.
The Relative Volume indicator can calculate based on a time-segmented / time-based / bar-specific average of volume, adjusting for some of the typical spikes in volume that happen at the beginning and end of a trading day; Or it can be calculated based on any length and type of moving average of volume that is desired: simple, exponential, weighted, Wilders, price-weighted, Hull, or TEMA.
This indicator does more than just normal relative share volume. It can also do relative volume-per-range. The idea behind this setting is that when more volume is being traded but very little movement is happening, this can indicate substantial support or resistance, where a lot of trades are likely being absorbed by larger operators. You can choose your own range calculation for this setting, whether you prefer True Range, high-low range, candle body range, close to close range, or any of several other custom settings.
Moreover, the levels or thresholds at which the color intensity changes are completely user-controlled, so you can adjust them upward to tune out more noise, or downward to increase the level of sensitivity. In addition, all of the colors for each of the thresholds are completely user-controlled.
We hope to see TradingView add support for Richard Arms' CandleVolume or Equivolume before too long, as well as Tick Volume or Trade Count Volume data, all of which can add a lot of power to this method of trading.
(JS) Relative Volume Oscillator v1.0I haven't seen many scripts directed around volume, so I figured I'd add this as a basic tool for people to use. This is simply just a relative volume oscillator, I also added two moving averages to it in case you wanted to use them or even possible set a fast and slow MA for crossovers. Enjoy!
Relative Volume (RVOL) - Beasley SavageRelative Volume, often times called RVOL, is an indicator that tells traders how current volume is compared to past trading volumes over a given period. It is kind of a like a radar for how “in-play” a stock is. The higher the relative volume is the more in play it is.
Relative Volume is displayed as a ratio. So if it is showing 3.5 relative volume, that means it is trading at 3.5 times its normal volume.
