This bar's volume against its own 20-bar mean; 1.0 is an ordinary bar.
Preview
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What it measures
This bar's volume against its own recent mean; 1.0 is an ordinary bar and 3.0 is a crowd arriving.
- Inputs
- Length 20
- Output
- A line, as a ratio
- Feeds
- Risk and sizing rules
- Warm-up
- 20 bars before its first reading
- Updates
- When each bar closes
- Filters entries
- No. It’s measured and charted, and doesn’t change which entries are taken.
- Part of
- Relative Volume
- Also known as
- RVOL, Volume Ratio