Tsunami Volume Surge - RVOL is a volume indicator designed for the cTrader platform that measures Relative Volume (RVOL) normalized by time-of-day. Instead of using raw volume data, it compares each bar’s volume to the average volume at the same time over a user-defined lookback period, highlighting genuine spikes in market participation. This approach helps traders identify when the market is truly active, distinguishing normal volume (RVOL around 1.0) from breakout confirmations (1.5–2.0) and explosive news-driven moves (3.0+).
Key features include an RVOL histogram, dynamic candle coloring for quick visual assessment, and customizable alerts with pop-ups. It operates efficiently on short timeframes (M1 to M15) and supports multiple markets such as Forex, cryptocurrencies, indices, commodities, and stocks. Additionally, RVOL values can be integrated into cBots as filters to refine automated trading signals.
The indicator aims to provide a time-aware volume edge, enabling traders to avoid low-activity periods, confirm breakouts, and respond promptly to market surges. Users can adjust settings like lookback days, alert preferences, and bar colors to tailor the tool to their trading style.