Relative Volume Scanner

Relative Volume Scanner

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App details

Release date

0001-01-01

Last update

0001-01-01

Product ID

XPFPH0V4VB76XL

Categories

Personal finance

About Relative Volume Scanner

RELVOL is a relative volume scanner that allows traders to find unusually active stocks and ETFs and visually compare their intraday trading volume to historical averages.

Relative volume (RVOL) is the ratio of shares traded during a period of time divided by an average of the same security’s historical trading volume.

The parameters of the historical volume average can be adjusted to calculate relative volume for a specific timeframe.

RELVOL calculates relative volume indicators in three customizable timeframes:

  1. Daily
    The current volume divided by the average daily volume of the past 1–20 trading days.

A daily relative volume of greater than 1 means that the security has traded more than its average daily volume.

  1. TOD
    The current volume divided by the average volume of the past 1–20 trading days at the same time of day.

A time-of-day relative volume of greater than 1 means that the security has traded more shares than usual by that point of time in the session and is on track to exceed its average daily volume.

  1. Period
    The volume during the past 5 minutes–2 hours divided by the average volume of the past 1–20 trading days during the same time period.

A period relative volume of greater than 1 means that the security traded more shares than it usually does during the same portion of the day.

Key features

  • Relative volume data updated once per minute from a real-time source.
  • Updates begin 30 minutes prior to market open to discover pre-market movers (9:00 AM–4:00 PM Eastern).
  • One month of split-adjusted minute-by-minute historical relative volume data for each security.
  • Customizable watchlist.