Volume Ratio
Volume ratio: each bar's volume divided by its moving average, showing at a glance how unusual the current volume is.
How to read it
- 1 is an average bar; 2 is twice the average.
- High ratios on breakouts suggest real participation.
- Low ratios during moves suggest weak conviction.
Key settings
- MA length 20, guide level 1.
Good to know
- Drawn in its own pane below the chart.