How can I use the rvol indicator on thinkorswim to analyze cryptocurrency price movements?

1 answers

• Tyler SebresosNov 21, 2024 · a year ago
  Yes, the rvol indicator on thinkorswim can be a valuable tool for analyzing cryptocurrency price movements. It measures the relative volume of a cryptocurrency compared to its average volume over a specified period of time. By analyzing the rvol indicator, you can identify periods of high or low volume, which can provide insights into potential price movements. However, it's important to note that the rvol indicator should not be used in isolation. It should be used in conjunction with other technical indicators and analysis techniques to make informed trading decisions. If you're interested in using the rvol indicator, you can find tutorials and guides online that provide step-by-step instructions on how to add and use the indicator on thinkorswim.
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