VolumeRatio plots the high volume bar when volume is 3 times greater than average 36 day volume.
This indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis"). NOTE : this is the only correct version of Klinger Volume Oscillator in the public library. Like and follow for more open source indicators! Happy Trading!
This indicator was originally described by Joseph E. Granville in his book "Granville's New Key To Stock Market Profits" (1963).
This indicator is based on Percentage Price Oscillator and volume as a source.