Cumulative Volume Ratio v1.0

2020年4月11日

Simple.

NYSE only.

0700am-1200pm only.

5 minute candles only.

The code compares the cumulative volume of the current day to the 20 day cumulative average up to that same point in time.

This is commonly referenced as the Zanger Ratio.

The colors are based on the that version.

Below 60 = drying up (grey)

Above 60 = below average (orange)

Above 80 = average (pink)

Above 120 = High (magenta)

Above 200 = Extreme (red)

I purposely have these bars slightly transparent so we can quickly identify this indicator apart from my Specific Bar Volume Ratio or other bar based indicator.

This example is in Central time.

Contact me if you are interested.

2020年10月12日

版本注释

Start time set to 0700 EST.

2021年1月14日

版本注释

Code now starts at 0500 EST (NYSE)

There are two Inputs:

Shut Off Pre Market? , this helps visualization when the PM action is significantly higher than the opening action.
Disable Prior Days? , this helps visualization when the previous day's action is significantly higher than the current day's action.

2021年2月18日

版本注释

Applied two corrections when lacking sufficient historical data:

If the 100SMA does not exist than the lookback period is cut to 10 days.

If the study has a max_bars_back study error ( ! ) ; switch the setting labeled such and the lookback will be cut to 5 days.

These changes are important when trading relatively new stocks. The code scans every 5 minute bar from 0400 EST to 1600 EST. When there is not steady liquidity the code fails because there is too much missing data.

2021年3月4日

版本注释

Corrected previous resolution to repair study errors.

The code will now reference the 20MA cumulative ratio unless there is not enough data (ticker has not been trading for at least 20 days).

If there is less than 20 days and more than 10 days, it will reference the 10MA.

If there is less than 10 days of trading, the plot will be zero.