📖Relative Volume Thresholds [%]
Set custom thresholds for strong, average, and weak volume
Overview
Automatically calculated Relative Volume Thresholds help determine relative volume strength.
Set threshold for Strong Relative Volume. Default % [125].
Average Volume will always be 100%, and the Average Volume Zone comprises the area between the Strong Relative Volume and Weak Relative Volume thresholds.
Set threshold for Weak Relative Volume. Default % [75].
Price moves with strong relative volume are more meaningful than equivalent price moves with weak relative volume.
Use as confluence with price breakouts...trends can often be identified early when price breakouts are supported by strong relative volume.
Similarly, price breakouts supported by weak relative volume will likely reverse.
Example: Relative Volume with Thresholds [Strong | Average | Weak]
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