Bid & Ask Vol Ratio
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Definition
The Bid & Ask Vol Ratio indicator displays the ratio of (volume at/above ask)/(volume at/below bid). The following conditions should be met for the indicator to be plotted:
1) Bid and ask values are not equal to one another;
2) The bid price does not exceed the ask price;
3) Neither bid nor ask volume is 0.
When applied to a chart, this indicator displays a plot in a separate subchart from the main data series.
Default Inputs
DataNum a numerical expression specifying the data number of the series, 1 by default.
UseLog enables or disables the natural logarithmic calculation, true by default. False input will not calculate the natural logarithm.
