ADVANCED TRADERS: The wait is OVER... introducing our HIGHLY sophisticated and requested RVOL indicator. The Scripts To Trade team has been using this indicator for over a year and have decided to release it to the public. This is the only RVOL indicator as sophisticated as ours available anywhere for Think Or Swim. So, what is this amazing technology all about? This relative volume (RVOL) script analyzes the average volume in a time frame and compares it to the volume in the same time frame from a previous day. If you thought float rotation analysis was important, this will blow you away. Here's an example; Lets look at the volume on a stock today at 10am. Say you wanted to compare the average volume at 10am on this stock for say... the last 15 days. Our RVOL indicator will COMPARE today's volume to its past. Why is this important? Volume is the KEY to finding big runners and/or spotting when the stock may be near the END of its run! This indicator completely represents our slogan, your trading will never be the same now that this is here.
Update: Last Gap Up Rvol: Now you can see what the volume was on the last gap up day compared to today’s gap up at the current time. We have never seen this done the correct way before now. (NOTE: The last gap must be in the last 6 months. Timeframe: 180days-5min )
Created For: Small Caps and Large Caps. (Note: This Indicator is for entertainment purposes only and is not a recommendation to buy or sell a security)
I was hesitant at first, but I have to say it was one of the best investments I’ve made in my trading career. It paid for itself instantly! BRAVO
This indicator is absolutely a game-changer from what I've seen is possible with thinkorswim and volume analysis. My favorite part is this recent last gap update which can help you gauge how a stock reacted to volume during a past gap up day. This is especially helpful for me trading small caps that have less daily volume. You will not regret picking this one up I promise.
Amazing tool to complement my daily trading strategy!! Helps me to be one steap ahead along with other indicators such as Warzone, levels, anchored vwap, gap fill, sentiment. PM scanner is also amazing! All of these great scripts help to optimize time and make better decisions while trading. Thank you SST Team!
Yeah, first reviewer on this Gem! Incredible tool and value that will make me $$$!