This script provides NASDAQ and NYSE Up Volume (volume in rising stocks) and Down Volume (volume in falling stocks) ratio. Up Volume is higher than Down Volume, then you would see green label with ratio e.g 3.5:1. This means Up Volume is 3.5 times higher than Down Volume - Positive Market Breadth. If Down Volume is higher than Up Volume, then you would see red label with ratio e.g -4.5:1. This means Down Volume is 4.5 times higher than Up Volume.
For example, ratio is 1:1, then it is considered Market Breadth is Neutral.
PS: Currently TradingView provides only NASDAQ Composite Market volume data. I have requested them to provide Primary NASDAQ volume data. If they respond with new ticket for primary NQ data, I will update the script and publish the updated version. So if you have got similar table on ToS, you would see minor difference in NQ ratio.
Is this the same as VOLD in ThinkorSwim? This has both NYSE and NASD?
mountaincabin
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thanks for this script. I'm surprised it's not more popular. Do you happen to know where I can find raw data (outside of trading view on up volume and down volume?). I have been looking around on barchart but keep coming up dry when I looking for these figures. Having this on the chart is grea,t but I also like tracking it on a personal excel sheet. thanks again for this good work.
Sonia-Ferrer
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Hi. Thank you for this! We really appreciated. This script provides NASDAQ and NYSE Vold data however how can I get the same formula for the rest of the stocks. regards from Venezuela
ajcleveland
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Can this provide NQ100 or is it only Composite?
WCU25
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Thanks for the effort! I will start using it as of next week. #tradegreen
bradc1984
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Thanks for this! Could please do one for tick and for advance decline line?
marauder1
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Does the default "close" setting mean it updates for every candle of the corresponding chart's time frame???
faresar
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Would have been cool if you can backtest with it
johstewa
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Thanks for this. It's one of the few indicators everyone trading the US market should be using.
AshNA123
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Interesting. Could this indicator imply trend change? up/down. or Market is bull vs. bear?