This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v5 · Own pane
RVOL++
This indicator measures relative volume by comparing cumulative session volume against a historical average for the same time of day across previous days.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code74
Settings3inputs
LicenceNone stated
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Drawn in a separate pane, it renders a multi-color gradient area and stepline plot across four activity zones alongside a table display showing the latest relative volume reading. Users can switch between two-session and daily calculation modes, adjust the lookback period, and define custom session hours. The indicator requires volume data and triggers a runtime error on timeframes of sixty minutes or higher.
- Cumulative relative volume calculation
- Two-session and daily calculation modes
- Color-coded threshold activity zones
- Custom session time configuration
- Real-time readout table display
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Draws
Separate pane below the chart
Category
Markets
Timeframes
M1-M5, M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RVOL Type | string | Two Session | rvol_type |
| RVOL Days | int | 20 | rvol_days |
| RVOL Time (EST) | session | 0930-1700 | rvol_time1 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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