Does thinkorswim have relative volume indicator?
The Relative Volume StDev is a support-resistance technical indicator developed by Melvin E. Dickover. Unlike many conventional support and resistance indicators, the Relative Volume StDev takes into account price-volume behavior in order to detect the supply and demand pools.
What is Vol index on thinkorswim?
Vol Index is the composite implied volatility (IV) for an underlying security in the thinkorswim platform. IV is a percentage that represents the market’s expectation of a security’s price range in the future.
How do you add a volume indicator on thinkorswim?
In thinkorswim® Charts, go to Style>Settings>General>Layout and check the box next to ‘Overlapped Volume’. If you would like to turn this feature off, simply uncheck the box. Then, click ‘Apply’ and ‘OK’.
How do you find relative volume?
How the relative volume is calculated. The RVOL indicator is calculated in a relatively simple way. You just divide the current volume of an asset with the average volume in a certain period.
What is a good VOL index?
In general, VIX values of greater than 30 are considered to signal heightened volatility from increased uncertainty, risk and investor fear. VIX values below 20 generally correspond to more stable, less stressful periods in the markets.
How can volume be used as an indicator?
Volume measures the number of shares traded in a stock or contracts traded in futures or options. Volume can indicate market strength, as rising markets on increasing volume are typically viewed as strong and healthy. When prices fall on increasing volume, the trend is gathering strength to the downside.
How do you use relative volume indicator?
The RVOL indicator is calculated in a relatively simple way. You just divide the current volume of an asset with the average volume in a certain period. Let us use the example of Tesla that is shown below. In the figure above, we see that on average, the volume of Tesla shares that are traded is about 48 million.
How do you spot an unusual option activity?
If an option that usually trades a few contracts a day suddenly trades 5,000 contracts in a day, someone is betting that a big move is coming. Unusual options activity is simply identifying specific options contracts that are trading a high amount of volume relative to the contract’s average daily volume.
What is the difference between volume and relative volume?
Volume is the number of shares traded. Without volume, price doesn’t move much. Relative volume tells us how many shares have traded in relation to how many shares are usually traded. It can be a great indicator that unusual price action may be coming.
What is a good relative volume for day trading?
As day traders we like to see RVOL at 2 or higher with a positive catalyst, low float and ideally a higher short interest.
What is the best time to trade volatility 75 index?
When is the best time to trade the volatility 75 index? The best time to trade the volatility 75 index is when prices react to previous support or resistance levels that exist in the stock markets and in the index itself.