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ShawnJay

Volume Ratio

ShawnJay  
Volume Volume Profile
283
1
volumestudies volumeprofile
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
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