FeraTrading Relative Volume Indicator

This FeraTrading Relative Volume Indicator measures relative volume pressure by comparing buying and selling activity, smoothed using a configurable average. It helps traders identify volume-driven momentum shifts, offering dynamic buy and sell signals based on weighted pressure values.

Key Features:
📈 Relative Volume (RV) Line: Measures net buying/selling pressure using volume-weighted price action.

🟢 Buy Signals: Triggered when RV crosses above a smoothed moving average (SMA 1).

🔴 Sell Signals (optional): Triggered when RV crosses below a separate SMA (SMA 2).

🔍 Customizable Inputs: Adjust smoothing length, weight, and signal sensitivity.

🕯️ Weighted Candles (optional): Visualizes custom OHLC based on volume-weighted volatility.

📊 Two SMAs: Use separate or combined moving averages to analyze trends in pressure.

🎨 Flexible Styling: Customize line and signal colors to match your chart setup.

Use Cases:
Spotting accumulation/distribution phases

Timing entries during volume surges

Confirming breakout momentum with underlying volume pressure

This indicator was developed by FeraTradingto visualize relative volume pressure.