AI Relative Volume Indicator
- Indicators
- Version: 1.0
Tick volume of each bar divided by its average over the lookback. Bars above the spike level are highlighted, showing unusual activity.
Key features
- Calculated on closed bars, values do not repaint
- Works on any symbol and timeframe
- All periods, levels and colours can be changed in the inputs
- Light on resources with a maximum bars setting
- Buffers available for use in your own Expert Advisors (iCustom)
Buffers
0 Relative volume, 1 Colour (0 normal, 1 high, 2 spike).
Inputs
Relative Volume: Average period, High activity level, Spike level.
Display: Maximum bars to calculate.
Note
This is an analysis tool. It does not place trades.
