I am also using up/down, but i am also interested in a way to chart this without the unchanged. SunTrader how do you chart this or get this data? Tradingview doesn't seem to offer it or i am missing something. Custom indicator?
In TradeStation, but I would imagine Tradingview would have something similar, separate symbols $UVOLSPX and $DVOLSPC S&P Composite up and down volume with indicator (on bottom) plotting percentages of whichever is greater. I look at those naturally for eMini, and $UVOLND / $DVOLND for NQ and $UVOLRLC / $DVOLRLC for RTY. F the Dow. Friday $SPX example:-
Yer high, man. We'll be lucky to see 450 by the end of the year. Do you forget what is coming after being distracted by Ukraine? Remember Powell and inflation? Next week will be a doozy. BAM, that shit is no longer priced in.
SPY might be lucky not to dip by 430 tomorrow 4am EDT. Might just have to set my alarm 3 hours ahead of usual time. ES is already at 4283.xx -2.20%
Futes are down big but that rarely corresponds to where the market opens up the next day. I highly doubt we will open much below 430 but if it does I am averaging down OTM lotto calls and maybe a couple of puts for downside protection.