RVOL – Relative Volume

The Relative Volume (RVOL) study enables traders to compare the current trading volume to the average volume over a certain period. Traders can configure the period over which the average volume is compared. DAS RVOL is a percentage calculated with this equation:

RVOL = current volume / average volume over the look-back period

The study configuration enables the user to set the amount of periods (chart bars) used in the calculation.

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