Relative Volume

Relative Volume is a powerful tool to understand whether volume flows are increasing or decreasing. In fact, this is the ratio of volume that is at the moment to the "ordinary" that is the average volume at this time of day.

View of the indicator on the chart:

To add and customize this indicator, you need to open the Indicator Settings Window.

Drawing

Panel - the choice of the indicator location on the chart:

  • New panel
  • Chart

Positive

Show zero values - display zero values.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color - color choice.

Visual type - visual setting of the indicator display on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting the thickness of the indicator line.

For Negative, Neutral, Average Settings points are similar.

Common

Backloop period -  choose quantity of days for which avregae volume is calculated.

Color

Delta coloring -  turn on/off delta coloring of indicator's bars.

Misc

Show description of indicator - turn on/off description of indicator.

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