OPEN-SOURCE SCRIPT
China's stock market volume ratio
1. Introduction to Volume Ratio:
In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days.
2. Application of Volume Ratio:
When there is a sudden surge in volume, the volume ratio chart will show a sharp upward break, indicating an increase in trading volume (initial market movements can be disregarded). Conversely, when volume contracts, the volume ratio will move downward.
If the volume ratio is greater than 1, it indicates that the average trading volume per minute for the current day is higher than the average over the past five days, signifying increased trading activity.
If the volume ratio is less than 1, it means that today's trading volume is lower than the average of the past five days, indicating decreased trading activity.
3. Volume Ratio Calculation:
The formula for calculating the volume ratio is:
Volume Ratio=Current Total Volume/(Average Volume per Minute over the Last 5 Days * Accumulated Market Open Time (in minutes))
In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days.
2. Application of Volume Ratio:
When there is a sudden surge in volume, the volume ratio chart will show a sharp upward break, indicating an increase in trading volume (initial market movements can be disregarded). Conversely, when volume contracts, the volume ratio will move downward.
If the volume ratio is greater than 1, it indicates that the average trading volume per minute for the current day is higher than the average over the past five days, signifying increased trading activity.
If the volume ratio is less than 1, it means that today's trading volume is lower than the average of the past five days, indicating decreased trading activity.
3. Volume Ratio Calculation:
The formula for calculating the volume ratio is:
Volume Ratio=Current Total Volume/(Average Volume per Minute over the Last 5 Days * Accumulated Market Open Time (in minutes))
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Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.