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Technical Studies Reference


Volume Bar Range Ratio

This study calculates and displays the Volume Bar Range Ratio for the Price and Volume Data.

Let \(H_t\), \(L_t\), and \(V_t\) be the High Price, Low Price, and Volume, respectively, at Index \(t\).

The Volume Bar Range Ratio at Index \(t\) is denoted as \(VBRR_t\), and it is computed for \(t \geq 0\) as follows.

\(\displaystyle{VBRR_t = \left\{ \begin{matrix} \frac{V_t}{H_t - L_t} & H_t - L_t > 0 \\ VBRR_{t - 1} & H_t - L_t \leq 0 \end{matrix}\right .}\)

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Spreadsheet

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Volume_Bar_Range_Ratio.279.scss


*Last modified Tuesday, 19th May, 2020.