Upside-Downside Volume Net Difference

 

Another method used by market technicians is to calculate the net difference between the upside- and downside volume. Daily or weekly data can be used. The net difference between upside- and downside volume is calculated weekly and the result is added. To smooth out the swings, a 10-week moving average should be applied. Below there is an example for weekly calculations:

 

 

Date

Adv. Volume

Decl. Volume

Net Difference

Cumulative

       

0

09.06.95

673210

732827

-59617

-59617

16.06.95

943121

565840

377281

317664

23.06.95

964871

666807

298064

615728

30.06.95

674725

765076

-90351

525377

07.07.95

867512

353025

514487

1039864

14.07.95

945574

756197

189377

1229241

21.07.95

755969

1027248

-271279

957962

28.07.95

1008468

584579

423889

1381851

04.08.95

733204

703285

29919

1411770

11.08.95

565588

669580

-103992

1307778

18.08.95

796723

615752

180971

1488749

25.08.95

629338

603130

26208

1514957

01.09.95

727349

553140

174209

1689166

08.09.95

746298

418632

327666

2016832

 

 
 

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