The Upside/Downside Volume (UDVol) is the difference between the upside volume and downside volume.

The values oscillate around 0. You can look for 0 level passes for short term buy/sell signals.

The trend is accepted to be more important than the value of the indicator.

 

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