fxcodebase-backup
Relative Volume
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=71782
Forum: 17 · Topic 71782 · 1 post(s)
Relative Volume
Apprentice · Fri Jan 07, 2022 7:48 am
Relative volume = Volume - Average volume for this time of day
- Relative volume tell us if volume flows are increasing or decreasing
- A high relative volume tells us that there is increased trading activity in a security today
- Increased volume flows often accompany higher volatility i.e. a significant price move
Averaged Relative volume = Average Volume - Average volume for this time of day