Relative Volume (RVOL)
Current bar volume divided by the average volume of the trailing N completed bars. 1.0 means the bar is trading exactly its recent pace.
Relative Volume (RVOL)
Definition
Current bar volume divided by the average volume of the trailing N completed bars. 1.0 means the bar is trading exactly its recent pace.
Parameters
Asset, Lookback period (14)
Output range: >= 0 (ratio around 1.0)
Example
`RVOL(AAPL, 14) > 2` (Trading at more than twice its usual volume)
Usage notes
With a Day interval this compares today's running volume against the prior N full days — the classic intraday RVOL. High RVOL confirms breakouts; low RVOL favors mean reversion.
Full indicator reference