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relative volume often called arvol is an indicator that compares current trading volume to the average volume over a given period this will then be displayed as a ratio so we can quickly see how active a stock is trading today in comparison to its average today weamp;#39;ll quickly go over how the arvol is actually calculated how to load a custom script inside a think or swim in order to actually view it and a general review of how it can actually be implemented into your trading now beginning with the actual calculation itself youamp;#39;ll actually find that the relative volume is actually incredibly straightforward weamp;#39;re simply going to take the current volume and divide it by the average volume over the period that we have selected for my indicator iamp;#39;ll be using the average trading volume over the past 50 days looking here at a very quick example letamp;#39;s say xyz stock average trading volume over the past 50 days has been 1 million shares a day todayamp;#39;