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NYSE Up/Down Volume Ratio is often used as a barometer for stocks trading on all U.S. Exchanges even though it is calculated based on stocks listed on the New York Stock Exchange. NYSE Up/Down ratio represents the volume of NYSE stocks that are advancing divided by the volume of declining stocks. The volume of advancing stocks or upside volume is the sum of the volume or the number of shares traded associated with stocks that closed higher. The downside volume is the total number of shares traded that are associated with stocks that closed lower.
The interpretation of the NYSE Up/Down ratio is rather simple. A value higher than one indicates that there is more volume associated with up stocks than with down stocks and it is usually interpreted as a bullish signal. Obviously, a bearish signal occurs when the NYSE Up/Down ratio is lower than one, which tells us that there are more volume associated with down stocks than with up stocks.
The index can be used in long and short term trading. For long term trading you can use the NYSE Up/Down ratio daily data, while for short term and day trading, you should use the intraday data of this indicator. This download item gets daily and intraday data for NYSE Up/Down volume ratio and it associates this data with the ticker symbol ^UPDOWN_NYSE.
Daily data is available for the last 2 years and intra-day data is available for the last five trading days.