Up/Down Vol Ratio
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.
Acknowledgment
The formula is obtained from the investors.com education section: education.investors....lh-down-volume-ratio
Thank you to @JohnMuchow for upgrading my code for best practices when publishing.
It is best used to confirm buying or selling pressure in your stock in conjunction with price analysis.
Acknowledgment
The formula is obtained from the investors.com education section: education.investors....lh-down-volume-ratio
Thank you to @JohnMuchow for upgrading my code for best practices when publishing.
Versionsinformation:
Version 2.0
■ Added an option to highlight the indicator background if it is equal to or greater than a set value.
■ Added an option to highlight the indicator background if it is equal to or greater than a set value.
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