Volume Ratio

This is an indicator that compare the volume of the current bar with the previous bar to find volume ratio between two bars. If the ratio is higher than the criteria, it will shows on the chart.

Meaning of number on the chart. For example, if the number is 5.25, it means the current bar has volume 5.25 times higher than the previous bar.

You can have up to 3 criteria ratio. The default criteria values are 5, 10 and 20. You can customize the criteria ratio and the color belong to each criteria.

You can also customize text size, text position and text format.

I use this indicator with the watchlist to set alert when some assets have a volume spike. 😁

Hope you like it.