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Volume Bar Range Ratio
This study calculates and displays the Volume Bar Range Ratio for the Price and Volume Data.
Let \(H_t\), \(L_t\), and \(V_t\) be the High Price, Low Price, and Volume, respectively, at Index \(t\).
The Volume Bar Range Ratio at Index \(t\) is denoted as \(VBRR_t\), and it is computed for \(t \geq 0\) as follows.
\(\displaystyle{VBRR_t = \left\{ \begin{matrix} \frac{V_t}{H_t - L_t} & H_t - L_t > 0 \\ VBRR_{t - 1} & H_t - L_t \leq 0 \end{matrix}\right .}\)Inputs
- The study has no Inputs.
Spreadsheet
The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.
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*Last modified Monday, 03rd October, 2022.