A volume-based indicator tracking total NYSE and NASDAQ exchange volumes to identify market sentiment by comparing up and down trading volumes.
Explore complementary indicator rolesHow it works
The Volume on Demand (VOLD) indicator calculates the total volume of stocks increasing and decreasing in price across NYSE and NASDAQ exchanges. It compares Up Volume (UVOL) against Down Volume (DVOL) to determine prevailing market sentiment by color-coding volume bars based on trading dynamics.
By tracking the ratio between UVOL and DVOL, traders can identify whether buying or selling pressure dominates the market. Green bars indicate higher up volume, suggesting bullish sentiment, while red bars represent higher down volume, signaling bearish market conditions.
Why it may be useful
The VOLD indicator provides insights into underlying market psychology by revealing whether broad market participants are predominantly buying or selling. It helps traders understand market sentiment beyond simple price movement, offering a more nuanced view of trading dynamics.
By highlighting potential divergences between price action and volume trends, the indicator can signal potential trend continuations or reversals before they become apparent through traditional price analysis.
When to explore it
This indicator is most effective when used on daily or longer-term timeframes, providing a comprehensive view of market sentiment across major exchanges. Traders should apply it alongside other technical analysis tools to confirm market trends and potential trading opportunities.
The VOLD is particularly useful during periods of market uncertainty, helping traders understand whether price movements are driven by broad market participation or limited to specific large-cap stocks.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
