How does rvol on thinkorswim affect the price movement of cryptocurrencies?

1 answers

• May 02, 2022 · 3 years ago
  The rvol on thinkorswim is a volume indicator that measures the relative volume of a cryptocurrency compared to its average volume over a certain period of time. It is a popular tool among traders for analyzing the price movement of cryptocurrencies. The rvol provides information about the level of trading activity in a cryptocurrency, which can be used to gauge market sentiment and predict price trends. For example, if the rvol is high, it suggests that there is strong interest in the cryptocurrency and that its price may increase. Conversely, if the rvol is low, it indicates a lack of interest and potential price decline. Traders can use this information to make more informed trading decisions and potentially profit from price movements. However, it's important to note that the rvol is just one of many indicators that traders use, and it should be used in conjunction with other analysis tools for a comprehensive understanding of the market.
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