Relative Volume period used?

rogerthat

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Jun 16, 2020
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For the Relative Volume study, if it is set to Period 10 Bars by default, is that looking back over 10 days at each timeframe bar to compare relative volume? Or is it only looking back 10 bars prior.

And also the Cumulative Relative volume, what is this measuring? 10 bars back, or 10 days?
 

MotiveWave_Joe

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Mar 26, 2019
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Hi,

That would be 10 days. The relative volume study compares the volume on the current bar to the average volume for that same bar (same time of day) for the given period (in this case 10 days). The same would apply for the Cumulative Relative volume study. It is based on days.
 
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