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What is the meaning of rvol in the context of cryptocurrency?

avatarBailey McKayNov 27, 2021 · 3 years ago1 answers

In the context of cryptocurrency, what does the term 'rvol' mean and how is it relevant to trading?

What is the meaning of rvol in the context of cryptocurrency?
Cryptocurrency
Rvol
Trading

1 answers

  • avatarNov 27, 2021 · 3 years ago
    Rvol, also known as relative volume, is a commonly used metric in cryptocurrency trading. It measures the trading volume of a cryptocurrency relative to its average volume over a specific period of time. Rvol can provide valuable insights into the level of market activity and liquidity for a particular cryptocurrency. Traders often use rvol to identify potential trading opportunities, as abnormal trading volume can indicate significant price movements. It is important to note that rvol should be used in conjunction with other technical indicators and analysis methods to make well-informed trading decisions.

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