The Up/Down Volume Ratio is a tool utilized by investors.com. They describe it as "A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock."
It is best used to confirm buying or selling pressure in your stock in conjunction with price analysis.
Looks great, can you add multi time frame selection in updated version.
DavidHoong
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why do you use 50 to sum the volume?
cooney_s
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Pretty awesome for a Long Only strategy! I hacked the script a bit, added a "20 day sum" and a Buy level at "0.50" Basically a RSI crossover visual. It's pretty spot on to buying Deep Value dips. Thanks for sharing.