OPEN-SOURCE SCRIPT
Exchange Down / Up Volume Ratio
I attended some workshop yesterday and I noticed that one of the presenters had an indicator titled 'price ratio' and had DVOL and UVOL as the inputs.
From some deduction, I see that it was basically looking at the ratio of down by up volume on the NYSE exchange; he had a few levels marked as well (which I've also marked on this indicator).
Seems like an interesting metric to consider, basically used to get a rough idea of the short term sentiment of the masses; allowing one to see when selling is outpacing buying in pure volume traded on an exchange.
I've added a few other exchanges to allow for quick switch between the majors with this info readily available on TradingView.
Supported inputs are: AMEX, NYSE, NASDAQ, ALL (must be in caps)
All is the sum of the NYSE, AMEX, and NASDAQ exchange volume.
The standard trading view disclaimer applies to this post -- please consult your own investment advisor before making investment decisions. This post is for observation only and has no warranty etc. tradingview.com/disclaimer/
Best,
JM
From some deduction, I see that it was basically looking at the ratio of down by up volume on the NYSE exchange; he had a few levels marked as well (which I've also marked on this indicator).
Seems like an interesting metric to consider, basically used to get a rough idea of the short term sentiment of the masses; allowing one to see when selling is outpacing buying in pure volume traded on an exchange.
I've added a few other exchanges to allow for quick switch between the majors with this info readily available on TradingView.
Supported inputs are: AMEX, NYSE, NASDAQ, ALL (must be in caps)
All is the sum of the NYSE, AMEX, and NASDAQ exchange volume.
The standard trading view disclaimer applies to this post -- please consult your own investment advisor before making investment decisions. This post is for observation only and has no warranty etc. tradingview.com/disclaimer/
Best,
JM
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Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.