Volume To Bar Range RatioThis script plots
volume / (high - low)
for each bar. A simple measure of how much volume was traded per unit of price range.
Usage
In normal trading bars, volume tends to be correlated to the size of the bar. Small bars have small volume, large bars have large volume. However, key bars tend to have an unusually high ratio of range to volume. This is useful for identifying areas of support and resistance, when they are broken, and key runaway days when price goes parabolic.
Support and Re
Indicator
