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## 🚀 Relative Volume (RVOL) & Opening Alerts
This indicator is a powerful tool focused on Relative Volume (RVOL), designed to help you spot stocks with unusual trading activity, especially during the critical opening minutes of the market.
What is Relative Volume?
Relative Volume (RVOL) compares the current volume to the average volume for the same time of day. It answers the question: "Is this stock busier than normal right now?"
An RVOL of 2.5x means the stock is trading at 2.5 times its normal volume for this specific time.
High RVOL is a strong indicator of institutional interest and can often precede significant price moves.
Icon Guide 💡
🔥 Extreme: RVOL has crossed your highest alert threshold (Level 3).
🚀 Very High: RVOL has crossed your middle alert threshold (Level 2).
📊 High: RVOL has crossed your lowest alert threshold (Level 1).
✅ Above Average: RVOL is greater than 100% (or 1x).
💤 Normal/Low: RVOL is below 100%.
🔔 / 🔕 Alerts On/Off: Shows if the indicator's alert system is enabled.
⚡ 🚀 🔥 Opening Active: Indicates which of the three opening alert periods is currently active.
How the Alerts Work
This indicator has two distinct alert systems that you can configure in the settings.
1. Opening Alerts
These are designed to catch explosive moves in the first few minutes of the trading session.
You can set up to three time windows (e.g., first 3 mins, 5 mins, 15 mins) and a unique RVOL threshold for each.
An alert will trigger if the RVOL crosses your set threshold within that time window.
To prevent spam, each opening alert level will only trigger once per day. Checkmarks (✓) will appear next to "Opening" in the panel to show which levels have been triggered.
2. Regular Alerts
These alerts function for the rest of the day, after the opening periods have passed.
They trigger whenever the RVOL crosses over one of the three main alert levels you have set (e.g., 150%, 200%, 300%).
You can choose whether the alerts are based on the 20, 50, or 100-period RVOL.
To use these alerts, simply create a new alert in TradingView, select this indicator in the "Condition" dropdown, and choose "RVol Alert".
This indicator is a powerful tool focused on Relative Volume (RVOL), designed to help you spot stocks with unusual trading activity, especially during the critical opening minutes of the market.
What is Relative Volume?
Relative Volume (RVOL) compares the current volume to the average volume for the same time of day. It answers the question: "Is this stock busier than normal right now?"
An RVOL of 2.5x means the stock is trading at 2.5 times its normal volume for this specific time.
High RVOL is a strong indicator of institutional interest and can often precede significant price moves.
Icon Guide 💡
🔥 Extreme: RVOL has crossed your highest alert threshold (Level 3).
🚀 Very High: RVOL has crossed your middle alert threshold (Level 2).
📊 High: RVOL has crossed your lowest alert threshold (Level 1).
✅ Above Average: RVOL is greater than 100% (or 1x).
💤 Normal/Low: RVOL is below 100%.
🔔 / 🔕 Alerts On/Off: Shows if the indicator's alert system is enabled.
⚡ 🚀 🔥 Opening Active: Indicates which of the three opening alert periods is currently active.
How the Alerts Work
This indicator has two distinct alert systems that you can configure in the settings.
1. Opening Alerts
These are designed to catch explosive moves in the first few minutes of the trading session.
You can set up to three time windows (e.g., first 3 mins, 5 mins, 15 mins) and a unique RVOL threshold for each.
An alert will trigger if the RVOL crosses your set threshold within that time window.
To prevent spam, each opening alert level will only trigger once per day. Checkmarks (✓) will appear next to "Opening" in the panel to show which levels have been triggered.
2. Regular Alerts
These alerts function for the rest of the day, after the opening periods have passed.
They trigger whenever the RVOL crosses over one of the three main alert levels you have set (e.g., 150%, 200%, 300%).
You can choose whether the alerts are based on the 20, 50, or 100-period RVOL.
To use these alerts, simply create a new alert in TradingView, select this indicator in the "Condition" dropdown, and choose "RVol Alert".
Nota Keluaran
## 🚀 Relative Volume with Opening Alerts1. What is this Indicator? (The Big Picture)
Think of this indicator as a crowd detector at a party. It doesn't just tell you how many people are at the party now; it tells you how many people are there compared to how many are usually there at that specific time.
This indicator does the same for stocks. It's a specialized tool to find stocks that have an unusual "crowd" of traders, which is often a sign that big institutions are making a move. It's especially powerful for finding action in the first 30 minutes of the day.
2. What Am I Seeing on the Panel? (Definitions)
Relative Volume (RVOL) %: This is the main metric. It compares today's volume so far to the average volume that would have normally traded up to this same time of day. An RVOL of 500% at 10 AM means the stock has already traded 5 times its normal volume for that point in the morning.
RVol (20), (50), (100): The RVOL value calculated using different averages. This helps you see if the activity is unusual compared to the last month, quarter, or longer.
Opening: A special monitor for the first few minutes of the day. The icons show if the time-sensitive "Opening Alerts" are active, and the checkmarks (✓) act as a log to show if an alert has already triggered today.
Alerts: A simple icon showing if the indicator's automatic alert system is turned on (🔔) or off (🔕).
3. How Are the Numbers Calculated? (The Logic)
RVOL %: The script looks at the current time (e.g., 10:30 AM). It measures the total volume traded today up to 10:30 AM. Then, it looks at the last 20 days and finds the average volume that had traded by 10:30 AM on those days. Finally, it divides today's volume by that average to get the percentage. The script is smart enough to do this correctly even if you are on a daily chart.
4. The Icon Guide (Quick Cheat Sheet) 💡
RVOL Level: 🔥 (Extreme), 🚀 (Very High), 📊 (High), ✅ (Above 100%), 💤 (Normal/Low)
Opening Period Status: ⚡ 🚀 🔥 (Shows which opening alert window is currently active)
5. How to Use Alerts
This indicator can send you automatic notifications. Here’s how to set one up:
Click the 'Alert' button (clock icon) at the top of your TradingView chart.
In the 'Condition' dropdown, select this indicator: "Relative Volume with Opening Alerts".
In the next dropdown that appears, choose 'RVol Alert'.
Under 'Options', you can choose "Once Per Bar" or another frequency.
Click 'Create'.
This single alert will now listen for any of the conditions you have enabled in the settings (both the Opening Alerts and the Regular Alerts).
6. How Do I Use This for Trading? (Simple Strategy)
This indicator helps you find stocks with an "institutional footprint."
Set an Opening Alert for the first 5 or 15 minutes. When an alert triggers, it tells you a stock is a candidate for the day.
After the open, watch the RVOL %. A stock that maintains a very high RVOL (e.g., over 200-300%) for the first 30-60 minutes is showing relentless interest and is a strong candidate to trend for the rest of the day. High RVOL confirms that a price move is supported by significant volume.
Nota Keluaran
## 🚀 Relative Volume with Opening Alerts1. What is this Indicator? (The Big Picture)
Think of this indicator as a crowd detector at a party. It doesn't just tell you how many people are at the party now; it tells you how many people are there compared to how many are usually there at that specific time.
This indicator does the same for stocks. It's a specialized tool to find stocks that have an unusual "crowd" of traders, which is often a sign that big institutions are making a move. It's especially powerful for finding action in the first 30 minutes of the day.
2. What Am I Seeing on the Panel? (Definitions)
Relative Volume (RVOL) %: This is the main metric. It compares today's volume so far to the average volume that would have normally traded up to this same time of day. An RVOL of 500% at 10 AM means the stock has already traded 5 times its normal volume for that point in the morning.
RVol (20), (50), (100): The RVOL value calculated using different averages. This helps you see if the activity is unusual compared to the last month, quarter, or longer.
Opening: A special monitor for the first few minutes of the day. The icons show if the time-sensitive "Opening Alerts" are active, and the checkmarks (✓) act as a log to show if an alert has already triggered today.
Alerts: A simple icon showing if the indicator's automatic alert system is turned on (🔔) or off (🔕).
3. How Are the Numbers Calculated? (The Logic)
RVOL %: The script looks at the current time (e.g., 10:30 AM). It measures the total volume traded today up to 10:30 AM. Then, it looks at the last 20 days and finds the average volume that had traded by 10:30 AM on those days. Finally, it divides today's volume by that average to get the percentage. The script is smart enough to do this correctly even if you are on a daily chart.
4. The Icon Guide (Quick Cheat Sheet) 💡
RVOL Level: 🔥 (Extreme), 🚀 (Very High), 📊 (High), ✅ (Above 100%), 💤 (Normal/Low)
Opening Period Status: ⚡ 🚀 🔥 (Shows which opening alert window is currently active)
5. How to Use Alerts
This indicator can send you automatic notifications. Here’s how to set one up:
Click the 'Alert' button (clock icon) at the top of your TradingView chart.
In the 'Condition' dropdown, select this indicator: "Relative Volume with Opening Alerts".
In the next dropdown that appears, choose 'RVol Alert'.
Under 'Options', you can choose "Once Per Bar" or another frequency.
Click 'Create'.
This single alert will now listen for any of the conditions you have enabled in the settings (both the Opening Alerts and the Regular Alerts).
6. How Do I Use This for Trading? (Simple Strategy)
This indicator helps you find stocks with an "institutional footprint."
Set an Opening Alert for the first 5 or 15 minutes. When an alert triggers, it tells you a stock is a candidate for the day.
After the open, watch the RVOL %. A stock that maintains a very high RVOL (e.g., over 200-300%) for the first 30-60 minutes is showing relentless interest and is a strong candidate to trend for the rest of the day. High RVOL confirms that a price move is supported by significant volume.
Nota Keluaran
As i am new to this the changelog are messed up Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.