RELATIVE VOLUME (RVOL) SURGE - Webull Day Trading Custom Indicator Script

Webull is a great platform especially for retail traders, but its default indicators are limited. This bundle unlocks the power of custom scripting to give you professional-grade signals directly on your chart.

RELATIVE VOLUME (RVOL) SURGE - This indicator automatically prints signals when the relative trading volume is 2X the average volume (Settings allow for changing the volume multiple). A surge in volume indicates that there is institutional interest in the underlying asset.

·          What it is: Automatically prints signals when the relative volume is 2X the average trading volume.

·          Two yellow circles with a cross in the middle (Bug symbol) - when this prints, it indicates there is high trading volume to the up side - It indicates a Bullish Trend (Uptrend).

·             Two purple circles with a cross in the middle (Bug symbol) - when this prints, it indicates there is high trading volume to the up side - It indicates a Bearish Trend (Uptrend).

·          Strategy: Look for long trades when yellow Bug symbol prints and and short trades when purple Bug symbol prints.