Relative Volume: Entry Trigger a thread 🧵
Luckshury@Luckshuryy
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Apr 28, 2025
~1 min read
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Relative Volume: Entry Trigger
a thread 🧵
a thread 🧵
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In this thread, I will cover the following:
- What relative volume is
- Why it's useful for entries
- How I use it
- Settings/Indicator used
- What relative volume is
- Why it's useful for entries
- How I use it
- Settings/Indicator used
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What is relative volume:
- It is used when comparing current volume against a set look back average.
For example:
How does the current volume compare against the average of the previous "X" number of candles. (The value of X is determined by your settings)
- It is used when comparing current volume against a set look back average.
For example:
How does the current volume compare against the average of the previous "X" number of candles. (The value of X is determined by your settings)
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Why relative volume is useful for entries:
In particular reversals, as upon price reversing you would want to see a spike in volume.
Whether it be a spike in new positions opening or in positions closing, I want to see a spike which can be easily seen through relative volume.
In particular reversals, as upon price reversing you would want to see a spike in volume.
Whether it be a spike in new positions opening or in positions closing, I want to see a spike which can be easily seen through relative volume.
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How I use relative volume:
In confluence with order flow to see whether positions opening/closing or liquidations make up the majority of the volume spike.
If there is no spike (generally 1.5x), then the likelihood I take a reversal trade is low.
This must happen at a POI.
In confluence with order flow to see whether positions opening/closing or liquidations make up the majority of the volume spike.
If there is no spike (generally 1.5x), then the likelihood I take a reversal trade is low.
This must happen at a POI.
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- Exocharts membership
- 10h Exocharts course
- Lifetime CMM
- DRC Template + video
ALL FREE
⤷ luckshury.trade/exo-course
Or in free discord: discord.gg/skH4ZA7N9R
Like 1st post of this thread to enter 1-year Exocharts giveaway.
Winners announced weekend.