RVOL-Trading

6월 30일

Core Functionality
1. Dual RVOL Approach for Entry Confirmation
The script calculates two kinds of RVOLs for up to four intraday timeframes:
RVOL1 (based on daily average volume):
Formula: current intraday volume / 21-day SMA of daily volume
RVOL2 (based on same-timeframe average):
Formula: current intraday volume / average of past N intraday volumes (default 14)
The logic:
High RVOL1 → indicates unusual volume relative to daily historical averages.
High RVOL2 → indicates volume spike compared to typical activity at that timeframe.

2. Entry Signal – CheckGreen Condition
A bullish "Green" condition is triggered if:
Gap-up open (Opening_Price > 0)
Day’s low remains above previous close (strict lowCheck condition)
RVOL1 exceeds set thresholds (default 5% for 3m, 7% for 5m)
RVOL2 exceeds set thresholds (default 100%)

This is a strict entry filter, ensuring both price action and volume align.

💰 Position Sizing Logic
When enabled, the script calculates position size using three stop-loss methods:

Fixed SL % (e.g., 3%)
Day’s Low (LOD) below entry candle
Previous Day’s Low (PDL) below entry candle

🔢 Formula:
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Position Size = totalRisk / (entryPrice × stopLoss%)
Then it estimates position value as % of ₹1L capital (hardcoded).

Outputs include:
Number of shares
% distance to SL
Position size in lakhs (L)

📋 RVOL Table Display
Displays in a table on the chart with the following columns:

Timeframe RVOL1 (%) RVOL2 (%) % Price Change Price SL % Position LOD-based Position PDL-based Position
Color coding helps identify which values meet thresholds.

📌 Customizable Inputs
✅ RVOL Inputs:
Days for SMA & historical volume (default: 21 & 14)
Timeframes: 3m, 5m, 15m, 60m (all configurable)
Thresholds for RVOL1, RVOL2, Gap %, and % price change

✅ Position Size Inputs:
Risk capital (default: ₹2500)

Enable/disable each SL type (SL %, LOD, PDL)

✅ Table Display:
Table size, color, location on chart
Enable/disable SL columns

🧩 Visual Elements
Draws horizontal levels for 5m/15m candle highs (if enabled)
Marks gap-up with a purple 'G' label
Color highlights on table cells for high RVOL or negative price moves

9월 13일

릴리즈 노트

Enhance the formatting of the Table