Definition
Current bar volume divided by the average volume of the trailing N completed bars. 1.0 means the bar is trading exactly its recent pace.
Parameters
Asset, Lookback period (14)
Output range: >= 0 (ratio around 1.0)
Example condition
`RVOL(AAPL, 14) > 2` (Trading at more than twice its usual volume)Usage notes
With a Day interval this compares today's running volume against the prior N full days — the classic intraday RVOL. High RVOL confirms breakouts; low RVOL favors mean reversion.
Use in a strategy
Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.
After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.