Spot the bars institutions are actually active in.
Compares each bar’s volume to its recent average. RVOL above 1 is above-average participation; spikes past the high threshold flag the bars where real activity — and the moves most worth trusting — are happening.
Best for: All futures; confirming breakouts and filtering low-conviction moves.
Open it, read it, edit it — it’s yours. © BuildLab Consulting.
How to use it
Confirm breakouts
Breakouts on RVOL ≥ your high threshold have real participation behind them; sub-1 RVOL breakouts are prone to fail.
Filter the noise
Down-weight signals that fire on below-average volume — they’re the chop most likely to trap you.
Time the action
RVOL spikes mark the windows of the day worth being most attentive in.
Settings
- Average lengthLookback for the volume average RVOL is measured against.
- High-volume thresholdRVOL level that marks a genuine participation spike (default 2×).
Install
TradingView: open the Pine Editor, paste the .pine source, click Save, then “Add to chart.”
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