Hi,
just want to know what is the detail definition of the technical indicator "Volume Ratio".
please advice.
thanks
technical chart
As it is written in EasyLanguage Help:
"The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line.
Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse."
"The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line.
Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse."
Thanks for your reply Kate.As it is written in EasyLanguage Help:
"The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line.
Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse."