Bid & Ask Vol Ratio

The Bid & Ask Vol Ratio indicator displays the ratio of (volume at/above ask)/(volume at/below bid).

Description

The following conditions should be met for the indicator to be plotted:

• Bid and ask values are not equal to one another;
  
• The bid price does not exceed the ask price;
  
• Neither bid nor ask volume is 0.

When applied to a chart, this indicator displays a plot in a separate subchart from the main data series.

Default Inputs

DataNum( 1 ) is a numerical expression specifying the data number of the series.

UseLog( true ) enables or disables the natural logarithmic calculation. False input will not calculate the natural logarithm.