Volume Ratio is to compare current Volume with previous volume If Bearish candle with VR is > 1, it is indicating that Selling Pressure has increased. However, if VR is too big e.g above 4, it may indicated that Buying/Selling will climax soon
If Bullish candle with VR is > 1, it is indicating that Buying interest has increased.
If Bullish candle with VR is < 1, it is indicating that Buying momentum is weak.
If Bearish candle with VR is < 1, it is indicating that Selling momentum is weak.
See Also
Volume or Weight: How do the Measurements Measure Up? - CIA Foodies📊How to use the VOLUME indicator? Tutorial for traders! for BINANCE:BTCUSDT by Yuriy_BishkoVolume Profile Indicator: Understand the Basics - ICICIdirect(a) What is an indicator? Name three common indicators.(b) Name the acid-base indicator extracted from lichen.(c) What colour does the turmeric paper turn when put in an alkaline solution?Disclaimer
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