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Relative Volume mt5

Relative Volume is one of rare attempts to show real volumes of cash flow passing through the exchange market.

The indicator's computation algorithm is based on:

  1. Statistics published by the Bank for International Settlements triennially
  2. Information about volatility of currency pairs for the last 5 days
  3. Average true range for the last 5 days
  4. Tick volume for the previous trading day

The indicator displays billions of $.

Warning! The indicator works with pairs consisting of two currencies listed below:

  • AUD - Australian Dollar
  • CAD - Canadian Dollar
  • CHF - Swiss Franc
  • EUR - Euro
  • GBP - Great Britain Pound
  • JPY - Japanese Yen
  • NZD - New Zealand Dollar
  • USD - US dollar

P.S. Values of Relative Volume mt5 may differ as dealing centers and brokers provide different information about tick volumes.

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