volak

UVOL / DVOL Ratio

Plots the NYSE, NASDAQ, AMEX UP Volume and DOWN Volume ratios as a histogram - and adds the index UVOL / DVOL ratios as a line graph.

DVOL is represented as negative - UVOL as positive. When either is above 2 its a good predictor of the day's outcome. At least - it tells you if the bulls or bears are winning the day.

Really simple to use / edit to your needs

Enjoy
Remove from Favorite Scripts Add to Favorite Scripts
hello, looks interesting!
Is it possible to change the instrument? Or can you built it changeable?
Best Tom
Reply
volak tomavientasmo
@tomavientasmo, It uses fixed securities which measure up vol and down vol on the exchanges. Wouldn't make sense to change the instrument because then it wouldn't be measuring up vol and down vol? Little confused by your question.

The indicator will operate the same on all instruments viewed because its not using the current instrument only the specific UVOL and DVOL ones
Reply
@volak, ok ... will check this
thanks for your answer!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out