The Volume Range Ratio study displays the total traded total volume for each chart bar divided by the range of the bar, optionally the study can display as average total volume per tick.
Note:
- This study can only be used on charts with a chart data type of ‘Intraday Chart‘
- It is recommended to use ‘Intraday Data Storage Time Unit‘ setting ‘1 Tick’
Inputs
Show as Average Volume Per Tick (In:1)
When enabled, the study displays Volume / Bar Range in Ticks, giving the average Volume Per Tick.
Subgraphs
Volume Range Ratio (SG1)
Default: Bar
Depending on the study configuration, displays either:
- Volume / (Bar High – Bar Low)
- Volume / ((Bar High – Bar Low) / Tick Size)
