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Bid & Ask Vol Ratio: Difference between revisions

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


The Bid & Ask  Vol Ratio indicator displays the ratio of (volume at/above ask)/(volume at/below bid). The following conditions should be met for the indicator to be plotted:<br>
== Description ==
1) Bid and ask values are not equal to one another;<br>
2) The bid price does not exceed the ask price;<br>
3) Neither bid nor ask volume is 0.<br>


When applied to a chart, this indicator displays a plot in a separate subchart from the main data series.<br>
The following conditions should be met for the indicator to be plotted:<br>


=== Default Inputs===
*Bid and ask values are not equal to one another;<br>
*The bid price does not exceed the ask price;<br>
*Neither bid nor ask volume is 0.
<br>
When applied to a chart, this indicator displays a plot in a separate subchart from the main data series.


'''DataNum''' a numerical expression specifying the data number of the series, 1 by default.
== Default Inputs==
 
'''DataNum''' is a numerical expression specifying the data number of the series, 1 by default.


'''UseLog''' enables or disables the natural logarithmic calculation, true by default. False input will not calculate the natural logarithm.
'''UseLog''' enables or disables the natural logarithmic calculation, true by default. False input will not calculate the natural logarithm.


[[Category:Pre-built Indicators]]
[[Category:Pre-built Indicators]]

Revision as of 13:50, 19 September 2024

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 is a numerical expression specifying the data number of the series, 1 by default.

UseLog enables or disables the natural logarithmic calculation, true by default. False input will not calculate the natural logarithm.