Volume Rank

This setting ranks volume levels relative to recent activity, adding a volume strength component to the oscillator to assess the validity of price moves.

Volume Rank

Volume Rank: This feature ranks the current volume level against recent trading activity, helping traders assess the strength of price moves.

High volume rank during a price rally or drop indicates that the move is backed by strong market participation, adding confidence to the trend’s validity.

Low volume rank on the other hand, during a price move, may suggest a weaker, potentially unsustainable trend. Traders can use volume rank to filter out false signals and focus on stronger trends supported by volume.