UVOL DVOL Strength and Stagnant Histogram — Indicator by volak

volumestudies moneyflow pricevolumetrend dvol uvol

I liked the style of one of Noldo's scripts pertaining to Put/Call ratio so I adapted my existing UVol / DVol ratio script using his code from

CBOE PCR Factor Dependent Variable Odd Generator

I am also reducing the number of securities referenced to only Nasdaq which speeds up displaying

The yellow bars are meant to represent stagnant volume, with green / red representing strong up or down volume.

Note the indicator will display the same no matter which individual stock you are watching since it uses UVol and DVol from the whole Nasdaq exchange NOT the stock or security you are currently viewing.

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.

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