View Full Version : Volume Ratio
01-29-2008, 06:41 PM
Hi, is there "Volume Ratio" indicator available for NT? TradeStation has it and it is plotted as an oscillator with a zero line in the middle. I know NT has BuySellPressure and BuySellVolume but Volume Ratio is likely computer differently than either one of these. thanks.
01-29-2008, 07:15 PM
I don't know what that indicator's logic is so the only answer is that I don't know. If you believe that the BuySell indicators are not the same then its unlikely that we have that indicator.
01-29-2008, 07:18 PM
Hmm .. I suggest taking a look at the few Volume... indicators we have.
01-29-2008, 10:21 PM
Here is more info on this indicator. Will it be possible to add it to NT?
AvgLength Numeric 14
Factor used in calculating the Volume Oscillator.
UpVolAlertPct Numeric 5
Value at which the alert for "Up" ticks is triggered.
DnVolAlertPct Numeric -5
Value at which the alert for "Down" ticks is triggered.
ColorNormLength Numeric 14
Number of bars over which to normalize the indicator for gradient coloring.
UpColor Numeric Yellow
Color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.
DnColor Numeric Cyan
Color to use for indicator values that are relatively low over ColorNormLength bars.
Set to -1 to disable gradient color plotting.
The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line.
Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse.
Plots the Volume Ratio value.
Plots a reference line at zero.
When applied to a chart, this indicator contains two plots, displayed in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.
Note This indicator only returns significant results when applied to bars with a time interval of tick or intraday.
01-30-2008, 04:22 AM
May be the community could contribute?
02-04-2008, 06:37 PM
Thanks Dierk. Since no takers yet, will appreciate if you can consider this as a built-in indicator for Ninja given its popularity with TS.
02-04-2008, 10:54 PM
Thanks for your suggestion. We'll add it to the list of future considerations.