Applicable instruments: All Applicable timeframes: All
Displays a color-coded histogram showing the ratio of current volume to historical average volume (RVOL), helping identify abnormal volume spikes and institutional activity. RVOL > 1.0 indicates above-average volume, RVOL > 2.0 indicates abnormal high volume. Three colors for intuitive visualization: gray=low, blue=normal, red=high volume. Useful for confirming breakout validity and filtering trade signals.
Features
- Color-coded histogram for intuitive relative volume visualization
- Three-color system: gray=low, blue=normal, red=high volume
- RVOL > 2.0 identifies abnormal institutional activity
- Customizable volume threshold for different instruments
- Built-in 1.0 and 2.0 reference level lines
- Confirms breakout validity and filters false signals
- Separate sub-window display without interfering with main chart
Need Custom Features?
Extend this EA with custom functionality or strategy adjustments
