Volume Printed Candles WITH RVOL BREAKOUT/BREAKDOWN CONFERMATION

ANZAR873
RVOL (Relative Volume)

Relative Volume = Current Volume ÷ Average Volume (last N candles)

If RVOL = 1.0 → Current volume = exactly average.

If RVOL > 1.0 → Current volume is higher than average (buyers/sellers are active).

If RVOL < 1.0 → Current volume is lower than average (market dull, higher risk of fake moves).

Examples:

RVOL = 0.7 → Volume is only 70% of average → Weak move.

RVOL = 1.5 → Volume is 50% higher than average → Strong move, genuine breakout/breakdown likely.

🔹 Candle Colors (based on RVOL):

Grey (RVOL < 0.7) → Low volume, weak move, possible fake.

Blue (0.7 ≤ RVOL < 1.0) → Medium-low volume, some activity but weaker than average.

Orange (1.0 ≤ RVOL < 1.5) → High volume, strong buying/selling pressure. With breakout/breakdown → reliable.

Red (RVOL ≥ 1.5) → Very High / Ultra volume. Big players active. If support/resistance breaks with red candle → strongest confirmation.

🔹 How to use in trading?

Breakout/Breakdown Confirmation → Trust only if RVOL ≥ 1.2–1.5 and candle color is Orange or Red.

Avoid trading → When candles are Grey or Blue (fake move risk).

Scalping/Quick Trades → Low RVOL = small targets, High RVOL = bigger targets possible.

In simple words:
RVOL is like a strength meter of the candle.
Colors instantly show candle reliability:

Grey/Blue = Weak

Orange/Red = Strong

⚡ Perfect for intraday, scalping, and breakout traders who want quick volume-based confirmation.