Adding Volume Indicator

[Carto1984]

Relative Volume (often times called RVOL) or
"Performance by Relative Volatility (TR/ATR)"https://blog.tradervue.com/2015/03/04/new-relative-volatility-report/

What is Relative Volume?
Relative Volume (often times called RVOL) is an indicator that tells traders how current trading volume is compared to past trading volume 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 because more traders are watching and trading it.

As traders, this is what we want.

Stocks that have a lot of volume have more liquidity and tend to trade better than stocks with low relative volume.

The RVOL 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 for that time period.

As day traders we like to see RVOL at 2 or higher with a positive catalyst, low float and ideally a higher short interest.

When all this falls in line together we have a recipe for parabolic moves that can make trading months and sometimes even years.

This is also a good metric to watch for potential bottoming or topping in stocks.

As a stock gets oversold or overbought we want to look for volume to get a spike in relative volume which would indicate that buyers and seller are fighting over an important support or resistance level and will likely reverse.