Takes Tradingviews Upside Volume for NYSE and divides it by Total Volume on NYSE.
Tradingview's data source generally has different volume figures than say the Wall Street Journal. Therefore, this indicator is an estimate.
10% upside volume shows extreme panic and is consistent with market sell offs.
90% upside days, following a decline, are often occur within...
This simple indicator unifies the volumes of multiple exchanges/brokers. The idea of this indicator stems from the need to monitor the movements made by whales on other markets that can actually influence the price (manipulations, arbitrage, etc.).
Basically, we can:
* choose the number and symbols
* choose with which algorithm to merge the volumes (sum, average,...
