PROTECTED SOURCE SCRIPT
Relative Volume
## 🚀 Relative Volume (RVOL) & Opening Alerts
This indicator is a powerful tool focused on Relative Volume (RVOL), designed to help you spot stocks with unusual trading activity, especially during the critical opening minutes of the market.
What is Relative Volume?
Relative Volume (RVOL) compares the current volume to the average volume for the same time of day. It answers the question: "Is this stock busier than normal right now?"
An RVOL of 2.5x means the stock is trading at 2.5 times its normal volume for this specific time.
High RVOL is a strong indicator of institutional interest and can often precede significant price moves.
Icon Guide 💡
🔥 Extreme: RVOL has crossed your highest alert threshold (Level 3).
🚀 Very High: RVOL has crossed your middle alert threshold (Level 2).
📊 High: RVOL has crossed your lowest alert threshold (Level 1).
✅ Above Average: RVOL is greater than 100% (or 1x).
💤 Normal/Low: RVOL is below 100%.
🔔 / 🔕 Alerts On/Off: Shows if the indicator's alert system is enabled.
⚡ 🚀 🔥 Opening Active: Indicates which of the three opening alert periods is currently active.
How the Alerts Work
This indicator has two distinct alert systems that you can configure in the settings.
1. Opening Alerts
These are designed to catch explosive moves in the first few minutes of the trading session.
You can set up to three time windows (e.g., first 3 mins, 5 mins, 15 mins) and a unique RVOL threshold for each.
An alert will trigger if the RVOL crosses your set threshold within that time window.
To prevent spam, each opening alert level will only trigger once per day. Checkmarks (✓) will appear next to "Opening" in the panel to show which levels have been triggered.
2. Regular Alerts
These alerts function for the rest of the day, after the opening periods have passed.
They trigger whenever the RVOL crosses over one of the three main alert levels you have set (e.g., 150%, 200%, 300%).
You can choose whether the alerts are based on the 20, 50, or 100-period RVOL.
To use these alerts, simply create a new alert in TradingView, select this indicator in the "Condition" dropdown, and choose "RVol Alert".
This indicator is a powerful tool focused on Relative Volume (RVOL), designed to help you spot stocks with unusual trading activity, especially during the critical opening minutes of the market.
What is Relative Volume?
Relative Volume (RVOL) compares the current volume to the average volume for the same time of day. It answers the question: "Is this stock busier than normal right now?"
An RVOL of 2.5x means the stock is trading at 2.5 times its normal volume for this specific time.
High RVOL is a strong indicator of institutional interest and can often precede significant price moves.
Icon Guide 💡
🔥 Extreme: RVOL has crossed your highest alert threshold (Level 3).
🚀 Very High: RVOL has crossed your middle alert threshold (Level 2).
📊 High: RVOL has crossed your lowest alert threshold (Level 1).
✅ Above Average: RVOL is greater than 100% (or 1x).
💤 Normal/Low: RVOL is below 100%.
🔔 / 🔕 Alerts On/Off: Shows if the indicator's alert system is enabled.
⚡ 🚀 🔥 Opening Active: Indicates which of the three opening alert periods is currently active.
How the Alerts Work
This indicator has two distinct alert systems that you can configure in the settings.
1. Opening Alerts
These are designed to catch explosive moves in the first few minutes of the trading session.
You can set up to three time windows (e.g., first 3 mins, 5 mins, 15 mins) and a unique RVOL threshold for each.
An alert will trigger if the RVOL crosses your set threshold within that time window.
To prevent spam, each opening alert level will only trigger once per day. Checkmarks (✓) will appear next to "Opening" in the panel to show which levels have been triggered.
2. Regular Alerts
These alerts function for the rest of the day, after the opening periods have passed.
They trigger whenever the RVOL crosses over one of the three main alert levels you have set (e.g., 150%, 200%, 300%).
You can choose whether the alerts are based on the 20, 50, or 100-period RVOL.
To use these alerts, simply create a new alert in TradingView, select this indicator in the "Condition" dropdown, and choose "RVol Alert".
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.