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Relative Volume

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Shows each bar's volume as a multiple of the average of the bars before it, and highlights unusually high volume in the direction of the candle. Free, with an info panel on the chart and no alerts (alerts and automation come with the strategies).

Free

What you get

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TradingView indicator.pine source · Pine Script v6
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MT5 indicator.mq5 source
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Setup guideInstall steps, rules and inputs (English)

Inputs you control

Calculationaverage of 20 bars, high relative volume at 2.0×, count over 100 bars
Educational software. Not investment advice and not a signal service. Backtests show past data only; results vary with market, broker and settings. Licence: personal use, no resale or republishing of the code.
Relative Volume | SmartifyTrade Marketplace