Relative Volume
VolumeOwn panel belowNeeds volumeHow many times its usual volume today traded.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
1 is a normal day, 2 means twice as much changed hands. It is the simplest measure of a day that drew attention.
Where it misleads
Calendar effects — holidays, expiry days — also read large.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Volume + MAVolume bars with a moving average drawn over them.
- Williams A/DA running total of how far each bar pushed past the previous close.
- Market Facilitation IndexBar range divided by volume — how far each unit of trading moved the price.
- On Balance VolumeA running total that adds volume on up days and subtracts it on down days.
- Accumulation/DistributionA running total of where each close landed inside its bar, weighted by volume.
- Chaikin OscillatorThe gap between a short and a long average of the accumulation/distribution line.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.