Relative Volume

  • It is green when relative volume is bigger than zero and rising, red when the opposite, yellow otherwise.
  • Editables: You can change the lookback period in settings. In general, choose a bigger number if you prefer longer term trade and vice versa.
  • You can set alarm for when relative volume is moving up and down.

Relative Volume 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 because more traders are watching and trading it.