DV ‘Zanger Volume Ratio’ is an intraday indicator that can be accessed by navigating to the indicators section, typing in ‘DV,’ and then selecting ‘DV Zanger Volume Ratio.’ The ‘Zanger Volume Ratio’ will appear at the bottom of the chart.

Simply put, the Zanger Volume Ratio is an Intraday indicator that measures the estimated end-of-day volume percentage based on intraday (timeframe of your chart) comparisons for the last X days.

It compares the cumulative volume of the current day to the cumulative average of X days back up to that same point in time and shows you how it compares near the key level.

Inputs #

You can adjust the lookback and levels in the settings of the indicator on the Inputs tab

Style #

You can customize the colours and styling of the indicator on the Style tab