Relative Volume

What is Relative Volume?

Relative Volume in TradesViz refers to the volume of the underlying at the time of your trade. For example, if you opened a position at 10:00 AM, TradesViz captures the volume of that specific 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, or 1-day bar.

This is NOT the same as your traded volume (shares/contracts). It's the market's volume at the moment you entered.

Why Relative Volume Matters

ATR, volatility, and volume are interconnected. High volatility requires high volume (lots of buying/selling). By correlating the market's volume at trade entry with your performance, you discover:

• Do you perform better in high-volume conditions?
• Should you avoid low-volume sessions?
• What volume ranges suit your trading style?

Timeframes Available

TradesViz Relative Volume Charts

Performance Metrics & Ratios > Relative Volume Analysis provides 7 charts:

• Aggregate PnL vs Relative Volume Range
• Wins/Losses vs Relative Volume Range
• Reward/Risk Ratio vs Relative Volume Range
• R-value vs Relative Volume Range
• Profit Factor vs Relative Volume Range
• Expectancy Ratio vs Relative Volume Range
• Hit Ratio (%) vs Relative Volume Range

Best Practices

1. Filter by symbol or asset type: Comparing penny stocks (vol < 5k) with large caps (vol in 100k's) in the same chart is not meaningful.
2. Choose appropriate timeframe: 1-day shows millions, 1-minute shows thousands.
3. Use custom bin ranges: The default fixed ranges may group your data into just 2 bins. Use 15+ custom bins for finer analysis.

For Derivatives

For options and futures, TradesViz uses the underlying's volume. AAPL options use AAPL stock volume. ES futures use ES volume.