📖Relative Volume Settings
Description of key features and settings in [E5 Trading] Relative Volume
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Never look at volume the same way again! A useful and simple volume indicator.
[A] The [E5 Trading] Relative Volume indicator enhances volume analysis in several ways:
First, volume has been normalized to a percentage value, enabling use of standard thresholds for strong, average, and weak volume across assets and asset classes.
Second, each candle's volume is evaluated against its history to identify statistically significant bull and bear volume bars that may indicate whale [or institutional] buying and selling.
Use as confluence with [E5 Trading] Setups & Trends, [E5 Trading] Squeezes & Breakouts, and [E5 Trading] Advanced RSI to increase the probability of entering winning trades.
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