OPEN-SOURCE SCRIPT
TTT Sentiment Indicator

This indicator plots the NYSE uptick vs. downtick volume ratios and can be used as a short-term sentiment indicator of buying pressure (FOMO) when UVOL/DVOL is high and selling pressure (panic selling) when DVOL/UVOL is high. These ratios are used informally by Chris Vermeulen of The Technical Traders as a contrarian indicator on a 30 minute chart.
This script isn't created, approved, or supported by The Technical Traders, but was created by a TTT subscriber to support the request of other subscribers. I'm not planning to upgrade or support this indicator or answer questions on how to use it. It's open source, so users can make their own copy and edit as they see fit.
This script isn't created, approved, or supported by The Technical Traders, but was created by a TTT subscriber to support the request of other subscribers. I'm not planning to upgrade or support this indicator or answer questions on how to use it. It's open source, so users can make their own copy and edit as they see fit.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.