monkaOMEGA

Up/Down Volume Ratio

Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down.

High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock.

Up/Down Volume value interpretation:
U/D < 1 -> Bearish outlook, as sellers are in control
U/D = 1 -> Sellers and Buyers are equal
U/D > 1 -> Bullish outlook, as buyers are in control
U/D > 2 -> Bullish outlook, significant accumulation underway by market makers
U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more

U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005.

MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.
Информация о релизе: No more need to disable plot!
Скрипт с открытым кодом

В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.

Хотите использовать этот скрипт на графике?

Комментарии

Hi , would you please plot a line so that we can see the trend ? thanks !
Ответить
Thanks for sharing the idea however how do we use it ? we just look at the difference size of the arrow ?
Ответить
@lertsak, i am not even able to see anything on chart? am I doing anything wrong, I just selected indicator, and nothing pops up on the screen?
Ответить
imrvlad divyangbhatt1111
@divyangbhatt1111, hi!

just play with colors in the settings of the indicator. For some reason they are set to no color and opacity set to 0%. :/
Ответить