A volume-based indicator tracking NYSE or NASDAQ market volume distribution across upside, downside, and unchanged trading volumes using percentage-based visualization techniques.
Explore complementary indicator rolesHow it works
The Upside Downside Unchanged Volume indicator tracks market volume distribution by calculating the percentage of total volume allocated to upward, downward, and neutral price movements. It plots these volume percentages as histograms or lines, allowing traders to visually assess market sentiment and trading activity across different timeframes like day, week, and month.
By utilizing moving averages and horizontal reference lines at specific percentage levels (0%, 10%, 30%, 50%, 70%, 90%, 100%), the indicator provides a comprehensive view of market dynamics. Traders can quickly interpret volume trends and potential market shifts by observing how volume is distributed across different price movement categories.
Why it may be useful
The Upside Downside Unchanged Volume indicator offers critical insights into market sentiment and trading activity by revealing the underlying strength or weakness of price movements. By distinguishing between upside, downside, and unchanged volume, traders can gauge the conviction behind market trends and potential trend reversals more effectively than by examining price alone.
This tool helps traders understand market psychology by showing how volume is distributed across different price directions. It provides a nuanced perspective on market participation, enabling more informed decision-making about potential trend continuations or imminent changes in market momentum.
When to explore it
The Upside Downside Unchanged Volume indicator is most effective during periods of significant market volatility or when seeking to confirm emerging market trends. It works exceptionally well in identifying potential trend reversals by highlighting shifts in volume distribution across different price movements.
Traders should leverage this indicator during key market events, earnings seasons, or when analyzing major market indices like NYSE and NASDAQ. It is particularly useful for confirming trend strength, detecting divergences, and understanding the underlying market sentiment beyond simple price action.
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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.
![Volume change [ Unlimited ] chart preview](https://s3.tradingview.com/g/GP0IiUGH.png?v=1680568406)
