pragamium

Price & Volume Ratio

343 views
6
calculate Price\Volume in K ratio, use this ratio for every candle stick it may be 1 min, 3 min, 1 Week etc. This ratio help for further movement of market. Below 20 more volume , Above 180 more price.
Release Notes: the value(A)value in input is (previous day (high-low)/total volume in k. we compare the value of current bar with input value(A), then we desire can we hold or close position. the value in chart is based on 100%. if value is more there is price moving, if value is less there is volume moving. If the price moving continuously that means high value, the trend starts, if value is low that means volume is high, trend continuously moves.
Before analyse confirm the current trend.
Release Notes: price and volume ratio per bar, identification minimum and maximum value input setting added
Release Notes: This indicator indicates when price high and volume low as red label, when price low and volume high as a green label. green label indicate high chance for (61.8% trend change if volume is more time to time, 38.2% chance for consolidation if low). Red label indicate reversal of price and consolidation.
Note : Volume is important role for price movement. so every time we must watch volume movement
Release Notes: this will help for day by day calculation.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out