Get started
CoryMitchell-CMT

UpVol/TVol NYSE Lowry Upside Days

CoryMitchell-CMT  
Breadth Indicators sentiment lowry upvol upvolume TVOL totalvolume
77
1
breadthstudies sentiment lowry upvol upvolume tvol totalvolume
Takes Tradingviews Upside Volume for NYSE and divides it by Total Volume on NYSE.

Tradingview's data source generally has different volume figures than say the Wall Street Journal. Therefore, this indicator is an estimate.

10% upside volume shows extreme panic and is consistent with market sell offs.

90% upside days, following a decline, are often occur within a week or so of significant market bottoms.

Recommend using columns as the plot type.

Based on research of LowryResearch Corp.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?