Relative Volume - for intra-day bars
Author: kbellare
Creation Date: 4/23/2014 1:01 AM
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Given volumes fluctuate based on time-of-day, for intra-day bars the Relative Volume indicator (in TASC library) needs to be adjusted. For example, RelVol(period=20) should be evaluated based on comparison with 20 historic 10am bars vs, comparing with the previous 20 bars.

Does the indicator support such intra-day calculation, to account for intra-day volume fluctuations? If not, what's the best approach to support this feature?

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The indicator does not contain any special adjustments for intraday. Early next month, the project's open source code will be updated on our website so that any motivated developer could take a look and try to enhance it.