Volume Ratio — Indicator by ShawnJay — TradingView (2024)

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

Volume ProfileVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Volume Ratio — Indicator by ShawnJay — TradingView (2024)
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