The new relative volume indicator measures the cumulated volume from today's open up until the present time against its 3-month average. For example a value of 0.8 at 11:00AM means that from opening until 11:00AM, 0.8x the average amount of stocks have been traded for given time range. Above-average values combined with the price change help detect stock's momentum. The relative volume value for the whole market can by analyzed on index charts, or for each particular ticker on market maps.
