Using the RVOL Indicator to aid Trend and Trading Range Predictions | Part 7

When trading using a systematic approach, it is often challenging to know when trends and trading ranges will start and end. The RVOL Relative Volume indicator can provide valuable insights to help you turn the probabilities of making good decisions more in your favor.

The RVOL Relative Volume indicator can be used to gauge trader commitment to each price move and thus provide valuable clues as to whether reversals, continuations or trading ranges are likely to develop next.

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Darwinex is making the code for the RVOL Indicator available to Subscribers of the Darwinex YouTube Channel: https://github.com/darwinex/advanced-mql-programming/blob/master/RVOL-Indicator/RVOL.mq5

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This is Episode 67 in the Darwinex 'Algo Trading for a Living' Playlist, and Episode 7 of the new 'Volume Data' mini-series.

Video Contents:
00:00 Introduction
00:40 Inter-relationships between price action and volume
01:24 Introduction to RVOL examples
01:42 Viewing the RVOL indicator on a price chart
03:03 Analysing RVOL for trends
03:22 RVOL clues of a reversal
05:39 RVOL at support and resistance levels
06:49 Trend pullbacks and RVOL
08:03 RVOL predicting the start of a 'trading range'
09:14 Key insights from RVOL that can't be ascertained from price action alone
10:10 A further RVOL prediction of a trading range
11:16 RVOL and probability analysis
12:37 Summary and Conclusions

Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.

Risk disclosure:
https://www.darwinex.com/legal/risk-disclaimer

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