Relative Volume
Description
Relative Volume shows relative volume on a crypto for multiple time periods. Relative volume is a measure of the volume of a crypto relative to its average volume over a specific period of time. It is typically expressed as a ratio, with a value above 1 indicating that the volume of a cryptocurrency is higher than its average volume, and a value below 1 indicating that it is lower than its average volume.
Relative volume is an important indicator of market interest in a crypto and can identify potential trends and patterns as an increase in relative volume may indicate an increase in market interest in a crypto vice versa.
Relative volume can also be used in conjunction with other technical analysis tools, such as our price and volume charts.
End Point
Example
Use Cases:
Identify unusual volume when relative volume is above or below a certain time period.
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