Sunday, January 25, 2009

Setting up Relative Volume in Market Delta

I have already gotten one comment requesting directions on setting up Relative Volume in MD/IRT. I have attached a screen shot so you can easily do it yourself. Just add the indicator Session Statistics. And fill in like the picture shows. You can do Relative Range also if you like by: Hi-Lo Range, All Bars, Relative Strength x _____ (what ever time period) you like.

Billy Duryea of IOAMT uses 200days I believe. When the market volatility was going crazy for those couple of months, I started using x30 days. Now, x 200 days seems to work well (for me) as it captures approximately a trading year.

Hope this helps,


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