The second figure is the simple moving average (default to 20sma ) again in rupee crores. 6.5K views 9 months ago Technical Indicators Relative Volume, often called RVOL, is an indicator that compares current trading volume to average volume over a given period. It can help you determine when a stock is getting ready to make a move, and it can also help you spot liquidity gaps. This simply means that often volume will increase before a significant Traders and investors who visit us every month, Top website in the world when it comes to all things investing, From 1M+ reviews. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Please comment any suggestions, questions or requests. The number of bars used in calculation of both the standard deviation and the simple moving average. There are other choices. Understanding relative volume on breakout : r/thinkorswim - reddit While this is generally seen as a good thing - after all, it usually means that the stock price is going up - it can also be a sign that the stock is overvalued and due for a correction. Next trading sesh I'm going to have a nice little chat with TD Ameritrade. Hey guys. -------------------------------------- So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. The RVI can be used as a confirming indicator since it uses a measurement other than price as a means to interpret market strength. Formula is last close_price x volume / 1 cr or (close_price x volume /10000000). This just means that they will have the ability to get in and out of a trade with ease if using large size/shares. When you're trying to find the relative volume in thinkorswim, there are a few different steps that you'll need to follow. Now that commissions are nil, and TOS is competitive on the cost/commissions front, I'm starting to move more money into your accounts but find some of these key things missing very frustrating. Small gaps can be ignored: the author suggests using the previous close as the DPL value. Relative Volume (RVOL): How To Use It For Day Trading, How to Trade The Head and Shoulders Strategy, Relative Volume Indicator for TD Ameritrade Thinkorswim - Update 2.6. Learning Center - RelativeVolumeStDev - Thinkorswim JavaScript is disabled. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more.
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