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Daily RVOL (Cumulative with Multi Alerts)

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Daily RVOL (Cumulative with Multi Alerts)

This indicator plots Relative Volume (RVOL) on intraday charts by comparing today’s cumulative traded volume with either:

The average daily volume of the past N days (default 5), or

Yesterday’s total daily volume (selectable from settings).

Unlike per-candle RVOL indicators, this version tracks cumulative intraday RVOL that only increases throughout the trading day. This matches how professional scanners (like Chartink/Gocharting) calculate RVOL, e.g. RVOL = 6 at open → 12 → 20 → 45 by end of day.

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