Y Ratio (BPV Ratio) is a new indicator incorporating a new volatility measure that reflects distortions in return distribution. It is a simple and effective measure of the existence/ non-existence of meaningful information in the market and trend sustainability. It is applicable to program trading and is easily implementable. It is also useful for projecting markets. This presentation will illustrate how this indicator is composed, how it is applicable to program trading, and how it can be used for market projection.