The Upside/Downside Ratio (UDRatio) displays the ratio of the upside volume to downside volume.

A value of 1 shows that there is a balance. High/Low values for long periods indicate overbought/oversold conditions.

This indicator is often smoothed by a moving average to show long term trends.

Calculation:

UPV = The total volume of the securities with a higher closing price of the previous closing price

DNV = The total volume of the securities with a lower closing price of the previous closing price

 

Inputs:

Group = XU100

Indicates the portfolio, group or index.

 

Indicator Type: Market Breadth