kmack282

RVOL - Final on 814 for 3m Candles ONLY

Relative Volume for 3 minute charts ONLY.

Lookback 20 days.

Historical and average values are used to formulate the ratio.

Thank you to R4Rocket for the initial code.

I also researched the RVOL output in Trade Ideas to align the final ratio as close as possible.

The colors change at different levels:

<0.5 ; Red

0.5 > and <=.65 ; Orange

0.65 > and <=1 ; Dark Yellow

1 > and <=1.25 ; Bright Yellow

1.25 < and <=1.5 ; Dark Green

1.5 < and <=2 ; Brighter Green

Above 2 ; Very Bright Green
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Hello, I got this error message about line 36 below - 'bool' could not be a variable or function name

rvol_sectional = input(true, title = "RVOL Sectional", type = bool)

I am new to Tradingview, can you please help?

Thank you
Reply
Update: Uncheck "RVOL Sectional" in the settings to display Pre Market Data.
Reply
Great work!
Reply
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