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Up/Down Volume Ratio
The study calculates the ratio of the difference between up volume and down volume, to the total volume per bar.
TotalVolume = UpVolume + DownVolume.
VolumeRatio = 100 * (UpVolume - DownVolume) / TotalVolume.
MovingAverage(VolumeRatio, AverageLength).
Inputs
- Moving Average Length
- Calculation Based On:
- Up/Down Volume: When this is selected, Volume-Up and Volume-Down is used.
- Ask/Bid Volume: When this is selected, Ask Volume and Bid Volume is used.
- Up/Down Trades: When this is selected, the Number of Trades-Ask and Number of Trades-Bid is used.
- Moving Average Type
*Last modified Friday, 21st April, 2017.