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Created page with "This indicator determines an exponential moving average of the ratio between up and down volume. Then it plots the exponential average as an oscillator around a zero line.<br>..."
This indicator determines an exponential moving average of the ratio between up and down volume. Then it plots the exponential average as an oscillator around a zero line.<br>
The Volume Ratio can help to reveal the strength or weakness of a price trend. Positive values are plotted 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.
== Default Inputs ==
'''AvgLength (14)''' sets the number of bars used to calculate the volume ratio.<br>
'''UpVolAlertPct (5)''' sets the value to trigger the alert for "Up" ticks.<br>
'''DnVolAlertPct (-5)''' sets the value to trigger the alert for "Down" ticks.<br>
'''ColorNormLength (14)''' sets the number of bars over which to normalize the indicator for gradient coloring.<br>
'''UpColor (Yellow)''' sets the color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''DnColor (Cyan)''' sets the color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting.
[[Category:Pre-built Indicators]]
The Volume Ratio can help to reveal the strength or weakness of a price trend. Positive values are plotted 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.
== Default Inputs ==
'''AvgLength (14)''' sets the number of bars used to calculate the volume ratio.<br>
'''UpVolAlertPct (5)''' sets the value to trigger the alert for "Up" ticks.<br>
'''DnVolAlertPct (-5)''' sets the value to trigger the alert for "Down" ticks.<br>
'''ColorNormLength (14)''' sets the number of bars over which to normalize the indicator for gradient coloring.<br>
'''UpColor (Yellow)''' sets the color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''DnColor (Cyan)''' sets the color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting.
[[Category:Pre-built Indicators]]
