A real-time indicator tracking NYSE advancing and declining volume ratio to assess market sentiment and buying/selling pressure dynamically.
Explore complementary indicator rolesHow it works
The NYSE UVOL/DVOL ratio script retrieves real-time advancing and declining volume data from the New York Stock Exchange. It calculates the ratio by dividing advancing volume (UVOL) by declining volume (DVOL), ensuring no division by zero occurs.
The script then applies color-coded thresholds to visually represent the volume dynamics: red indicates more declining volume, white represents a balanced ratio, and green signifies strong advancing volume momentum.
Why it may be useful
Volume ratio indicators provide critical insights into market sentiment and underlying buying or selling pressure that price charts alone cannot reveal. They help traders understand the strength and potential sustainability of current market trends by measuring the relative participation of bullish and bearish market participants.
By analyzing the balance between advancing and declining volumes, traders can gain early signals about potential trend reversals or confirm the conviction behind existing price movements, enhancing their decision-making process.
When to explore it
This volume ratio indicator is most effective during active market hours with significant trading volume and clear market directional movements. It works best in liquid markets where volume data provides meaningful insights into investor sentiment and market dynamics.
Traders should use this indicator in conjunction with other technical analysis tools to validate signals, particularly during key market events, earnings announcements, or periods of potential trend changes.
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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.
