technical chart  [SOLVED]

Questions about MultiCharts and user contributed studies.
wildcat

technical chart

Postby wildcat » 30 May 2007

Hi,
just want to know what is the detail definition of the technical indicator "Volume Ratio".
please advice.
thanks

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Kate
Posts: 758
Joined: 08 Dec 2006

  [SOLVED]

Postby Kate » 30 May 2007

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."

wildcat

Postby wildcat » 11 Jun 2007

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."

Thanks for your reply Kate. :)


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