Just started looking at relative volume for my intra trading. Not sure if it helps yet just trying it out. Today was very low relative volume all day and was wondering if i was correct in thinking that this usually reduces chances of a break out from a range or key levels.
Not sure if thats one way I could look at it or what other ways I should be approaching it. Any input is appreciated. Thanks!
Very vaguely speaking, a very high relative volume is usually indicative of a reversal.
Like any indicator, simply throwing it on your chart is not going to benefit you at all.
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