How the RVOL Relative Volume Indicator can Improve your Trading Strategies | Part 6
398The RVOL Relative Volume indicator can completely revolutionize the way that volume data is interpreted within trading strategies. It compares the current volume of an asset at the current time to the previous volume at that time of day on previous days. This facilitates a comparison of volume to ascertain what trader commitment is to the associated price move. In turn, when interpreted correctly this can help to turn the probabilities more in your favor when making trading decisions.
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This is Episode 66 in the Darwinex 'Algo Trading for a Living' Playlist, and Episode 6 of the new 'Volume Data' mini-series.
Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
Risk disclosure:
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