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Relative Volume (amaRelativeVolume)

Version 1.1 July 21, 2017

Only to be used with minute or daily charts.

The Relative Volume indicator measures the volume of a minute bar or a daily bar against the average volume for the same time of the day over the preceding n days. The indicator comes with two different options to calculate the relative volume:

All_Days: Today's volume is compared to the average volume of the N preceding business days. The default value is N = 40. With the setting "All_Days" the indicator requires the use of proper trading hours templates which match the trading day of the instrument traded. Trading hours templates that cut the week into arbitrary sessions - such as the session template 24/7 - cannot be handled by the indicator and will trigger an error message.

Day_Of_Week: Today's volume is compared to the average volume calculated for the same day of the week over the N preceeding weeks. The default value is N = 8. With the setting "Day_Of_Week", all session templates can be handled.

Relative Volume: The relative volume is shown as a percentage of the average volume calculated over the reference period.

Cumulated ratio: Compares the cumulated volume of the current day to the average cumulated volume of the selected reference period.

Holidays: Holidays as selected via the indicator dialogue box may be excluded from all calculations.

Default settings: Relative volume bars between 80% and 120% of the normal volume are shown as white bars. Higher relative volume bars are shown as blue bars, lower relative volume bars are shown as red bars.

Category NinjaTrader 8 Indicators and More

Details: Relative Volume (amaRelativeVolume)
Category: NinjaTrader 8 Indicators and More

September 4th, 2017
Size: 11.32 KB
Downloaded: 1468 times

Keywords: cumulated relativevolume volume

Comments/ratings

drcsanft August 22nd, 2018 04:15 PM

Thank you!

Gianni78bari September 7th, 2019 12:20 PM

No Comment

marketp September 9th, 2019 11:44 AM

Very useful , thank you

romus November 20th, 2019 06:51 PM

Many thanks!

SuperBliss December 29th, 2019 02:47 PM

Thank You So Much..Your Hard Work on Your Fellow Trader's Behalf is Greatly Appreciated!!!

mktforecasts March 10th, 2022 08:48 AM

Thank u .. wondering how to download

skidmark August 4th, 2022 02:14 PM

Thank you! Always can count on your indicators.

theprophe October 6th, 2022 02:01 PM

thanks

ballhaj November 28th, 2022 08:37 AM

Thank you!

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