Relative Volume: Volume Power Bars

Relative Volume Overview[\b]

• The MetaWorld Relative Volume indicator enhances volume analysis in several ways:
  
• First, volume has been normalized to a percentage value, enabling standard thresholds to determine strong, average, and weak volume.
  
• Second, each candle's volume is evaluated against its history to identify statistically significant bull and bear volume bars that may indicate whale (or institutional) buying and selling.
  

Volume Power Bars[\b]

• Show statistically significant Bull and Bear Volume Bars that may indicate whale (or institutional) buying and selling.
  
• Trends often follow the direction of power volume bars. Follow the smart money.
  
• Always practice risk management: Use proper position sizing and a stop-loss on every trade.
  
  * This tutorial is intended for educational purposes only.[\list]