OPEN-SOURCE SCRIPT

Volume Ratio

Volume Ratio is to compare current Volume with previous volume
If Bullish candle with VR is > 1, it is indicating that Buying interest has increased.
If Bullish candle with VR is < 1, it is indicating that Buying momentum is weak.

If Bearish candle with VR is > 1, it is indicating that Selling Pressure has increased.
If Bearish candle with VR is < 1, it is indicating that Selling momentum is weak.

However, if VR is too big e.g above 4, it may indicated that Buying/Selling will climax soon

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.