Relative Volume RVOL Custom Script for ThinkorSwim

Relative Volume, often called RVOL, is an indicator that compares current trading volume to average volume over a given period. This will then be displayed as a ratio so we can quickly see how active a stock is trading today in comparison to its average. Today we’ll quickly go over how RVOL is calculated, how to load a custom script in thinkorswim to view it, and a general review of how it can be implemented in your trading. When the indicator value is greater than one, the volume is higher than average; conversely, a value less than one means lower than average volume. Timestamps 0:00 Intro 0:25 RVOL Calculation 1:26 Loading Custom Script 4:23 How it Works 5:03 Outro ➤ Open a tastyworks account: https://start.tastyworks.com/#/login?referralCode=PKSKCFVD2J ➤ Start Investing with M1 Finance: https://m1finance.8bxp97.net/151KXm Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.