Counters RatioCounters Ratio
This is an oscillator like indicator.
Bubbles are used to show the intensity with which buyers overtake sellers or vice-versa.
Bigger bubbles would indicate an oversold or overbought condition, when there is more imbalance between sell volume and buy volume .
They may appear sometimes on low volume - this may be a weak overbought or oversold indication.
The big bubbles that appear on significant volume could be used to find divergences with price.
Multiple instances of the indicator can be combined to get a bigger picture.
In the indicator's settings, a ratio limit can be set for the overbought or oversold condition.
Alerts for counters imbalance can be set to fire whenever the condition is satisfied.
Related tools:
• Volume Delta
• CVD
Volumedelta
Volume Delta, Total Volume, Buy & Sell VolumeThis indicator comes with multiple functions:
▪ Better Volume - Total Volume, Buy Volume, Sell Volume
This mode shows the traded volume during each interval in a more detailed way.
The advantage is that you can see both sides of the market: the Buy Volume and the Sell Volume.
You have the option to see the traded volume per interval:
- on a 0 centered y-axis, a green bar above for the Buy Volume and a red bar below for the Sell Volume;
- or to see it normally, total volume as a shade-like bar and two other brighter bars for either Buy or Sell volume.
▪ Volume Delta
It is the difference between the Buy Volume and the Sell Volume. It can help see the direction of the market.
Cumulative Volume Delta (CVD)Cumulative Volume Delta or simply CVD is the accumulation of the Total Volume Delta .
It starts accumulating from the beginning of the available volume data.
It only shows meaningful information for symbols with volume data.
It does not change its shape when changing timeframes.
How to use it:
You can start using it by searching for divergences with the price.
Volume Buyers-Sellers, by Ricardo Oliveira GonzagaVolume -Buyers & Sellers - use with Volume delta Indicator.
