Price & Volume Ratio

This ratio help for holding the position
Release Notes: in the input value calculation, (high - low) value will be calculated as in rupees for india. please make a calculation in paise. so multiply the value in 20. here a example

ibulhsgfin stoc
high - low(658.60-641.50) = 17.1 inr
Total volume = 9.2 M = 9200K
So = 17.1/9200= 0.0019 inr
the value of stock movement in nse is, in terms of 0.5 paise . the input value 0.0019 in inr. so multiply the value by 20. because 20 x 0.5 = 1 inr
Now the value is 0.0019 x 20 = 0.038
kindly calculate as per your country currency.
Release Notes: Price and volume ratio per bar, minimum and maximum value setting input added
Release Notes: this is real time calculation for intraday chart. volume value for calculation taken by last few volume as per length of our decision.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Nice Idea: I can only see something in a 15 Min Chart. Not in a Daily or Weekly.
+1 Reply
pragamium geier_385
@geier_385, i mainly created for intraday trading. the input value is very important. for every stock it should be change. be careful on the input value
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