VolSys's Ratio Highlight indicator highlights through markers vertical bars that have a Ratio High and a Ratio Low that meets certain user-defined parameters.
Specifically, the Ratio High mshows the ratio of the value of the penultimate tick to the last tick in Ask, this value is useful for detecting any buyer exhaustion, in fact a high value may indicate that there was little participation by aggressive buyers in the last tick compared to the previous tick.
The Ratio Low shows the ratio between the value of the penultimate tick and the last tick in Bid, this value is useful to detect possible sellers' exhaustion, in fact a high value may indicate that there was little participation by aggressive sellers in the last tick compared to the previous tick;
INDEX
Settings-of-Use
Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.
Ratio Mode
Bars
High highlights Ratio High in bearish bars and Ratio Low in bullish bars;
Maximum
High Ratio only;
Minimum
Highlight only Ratio Low;
Min Ratio
Defines the minimum value of Ratio;
Maximum Ratio
Defines the maximum value of Ratio;
Bid Absorption Color
Defines the color of the marker for Ratio Low;
Ask Absorption Color
Defines the color of the marker for the Ratio High;
Opacity
Defines the opacity of the markers;
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