Relative Volume

Relative Volume is one of rare attempts to show real volumes of cash flow passing through the exchange market.

The indicator's computation algorithm is based on:

1. Statistics published by the Bank for International Settlements triennially
2. Information about volatility of currency pairs for the last 5 days
3. Average true range for the last 5 days
4. Tick volume for the previous trading day

The indicator displays billions of USD.

Warning! The indicator works with pairs consisting of two currencies listed below:

• AUD - Australian Dollar
• CAD - Canadian Dollar
• CHF - Swiss Franc
• EUR - Euro
• GBP - Great Britain Pound
• JPY - Japanese Yen
• NZD - New Zealand Dollar
• USD - US dollar

P.S. Values of Relative Volume MT4 may differ as dealing centers and brokers provide different information about tick volumes.