How the RVOL Relative Volume Indicator can Improve your Trading Strategies | Part 6

The RVOL Relative Volume indicator can completely revolutionize the way that volume data is interpreted within trading strategies. It compares the current volume of an asset at the current time to the previous volume at that time of day on previous days. This facilitates a comparison of volume to ascertain what trader commitment is to the associated price move. In turn, when interpreted correctly this can help to turn the probabilities more in your favor when making trading decisions.
Brought to you by Darwinex: UK FCA Regulated Broker, Asset Manager & Trader Exchange where Traders can legally attract Investor Capital and charge Performance Fees:
www.darwinex.com/?...
Darwinex is making the code for the RVOL Indicator available to Subscribers of the Darwinex TH-cam Channel: github.com/darwinex/advanced-...
#RVOLIndicator, #RelativeVolumeIndicator, #RVOL, #RelativeVolume, #AlgoTrading, #TradingStrategies, #TradingSystems, #TradingIndicators, #ChartingIndicators, #VolumeBars, #VolumeData, #AlgorithmicTrading, #SystematicTrading, #Darwinex
This is Episode 66 in the Darwinex 'Algo Trading for a Living' Playlist, and Episode 6 of the new 'Volume Data' mini-series.
Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
Risk disclosure:
www.darwinex.com/legal/risk-d...

[@Darwinexchange]

p.s. MQL5 Source code for the RVOL Indicator is available at:
github.com/darwinex/advanced-mql-programming/blob/master/RVOL-Indicator/RVOL.mq5
Thank you everyone for your interest!
Kind Regards,
The Darwinex Team

[@leonjbr]

Very nice Martyn, waiting for the next videos.

[@seanjohnson7145]

Thanks Martyn!

[@enriquec.6255]

great video thanks for share...one question..this indicator is available for MT4 ?

[@ewcraigs]

I would be interested in hearing your comments on the time segmented volume indicator. Thanks.

[@xo121w]

thanks

[@chrisbenedict2245]

I am wondering about a 2 dimensional average. one for the last 22 days, the other for the last (x) todas day, as some days of the week are just heaver.

[@9368313600]

I m unable to find this indicator. With my broker. Can u pls help.

[@matteonovelli5556]

Great video as always! i have never seen this indicator and after a quick search i could not find it on the internet ( i am only finding volumes indicator with MAs slapped on them), are you planning on maybe sharing it after the series is over or is it something proprietary?

[@TradeLikeAMachine]

Hi Matteo. See the description for details of where to find my version. Enjoy...

[@matteonovelli5556]

@@TradeLikeAMachine thank you very much!

[@wanga10000]

In other blogs, RVOL is defined as the (current bar V)/(average V over n bars). In this video is(current bar V)/(average V on the same bar in day over n days). Both look resonable for me. Am I right about the calculation?

[@danielbriggs1356]

Will you be including an episode on volume patterns at price levels (y-axis) as well as volume patterns at time periods (x-axis) that you have discussed so far?

[@TradeLikeAMachine]

Hi Daniel. It's not something I have considered before. Could you provide a little more information and rationale so I am sure I understand please.

[@user-zq5us2lg8v]

Hello, one of this indicator's parameter's setting is 1.25 and it can't be changed. Besides, could you add an alert to this?

[@donbangert]

TLAM RVOL I assume stands for Trade Like A Machine Relative Volume. Is this indicator available from your website?

[@Keke-xp1ee]

What is the trading view corresponding indicator of this ?

[@stefansollner4120]

Would love to know as well - thank you very much

[@abdullahrasheed6036]

Is the volume here being extracted from the futures markets?

[@albertocastellucchio3865]

After the second video of the series i coded a simplified version of the RVOL for one of my EAs, but seeing the RVOL... that's really cool stuff. Any idea where to get it?

[@RenePatrique]

Check the Pine Script here on the page for the logic of the RVOL - if you want to use it in MetaTrader you'd need to re-code it for that platform: zenandtheartoftrading.com/indicators/volume/

[@TradeLikeAMachine]

I Alberto, I am making my code available. See the video description, or my comment

[@albertocastellucchio3865]

@@TradeLikeAMachine might the back test begin! Thanks a lot guys!!

[@ctrodrums]

Can't find the indicator too

[@livingthislife]

Hi Darwinex Team or anyone that can help. Great video series👍🏾Does anyone have this rvol script/indicator for the think or swim platform? I'm not a programmer and would love to try this on my current trading strategies.....thanks for any help and subscribed👍🏾

[@EastCountyDreamHomes]

This "TLAM RVOL" indicator is nowhere to be found.. anyone have the code for this?? (thinkorswim)