Indicators, breadth
Nasdaq-100 Up/Down Volume
Volume in rising Nasdaq-100 stocks against volume in falling ones: where the money is going.
Latest reading, Friday, November 13, 2026Down volume leads: −4.67
Its job in a momentum trade
It shows whether the volume is behind the move. It is usually the slowest of the confirmations, so it backs a trade more often than it starts one.
What it measures
The advance-decline ratio counts stocks. This one weighs them by trading volume, so it shows whether the day's volume is going into rising Nasdaq-100 stocks or falling ones.
How it is computed
- When up volume leads, the reading is up volume divided by down volume.
- When down volume leads, the reading is minus (down volume divided by up volume).
- So +2 means twice as much volume in rising stocks, −2 means twice as much in falling stocks, and the scale has no ceiling. Both +1 and −1 mean an even split, and no reading falls between them.
How to read it
- Beyond ±2 the volume is clearly on one side. Beyond ±4 it is a heavily one-sided day.
- A reading that keeps growing through the session means the dominant side is still adding.
- A reading that shrinks toward ±1 while the price holds its trend says the move is losing its volume.
How to trade it
- Read it next to the advance-decline ratio. When both are one-sided in the same direction, the move has both the stocks and the volume behind it.
- When they disagree, for example most stocks up but volume even, the move is less trustworthy.
- A flip of sign during the session is rare and worth noting. It means the volume changed sides.
What it cannot tell you
- Early in the session a small amount of volume can produce a large ratio.
- These reads are how the indicator is commonly used. They have not been tested here as trading rules.
Read it with
- Nasdaq Cumulative TICK: The running total of Nasdaq-listed TICK through the session: persistent buying or selling pressure across the whole list.
- Nasdaq Advance-Decline Ratio: How lopsided the Nasdaq market is: advancing stocks against declining stocks, from +1 to −1.
- Nasdaq-100 Advance-Decline Ratio: How lopsided the Nasdaq-100 is: advancing stocks against declining stocks, from +1 to −1.
- Nasdaq Up/Down Volume: Volume in rising Nasdaq stocks against volume in falling ones: where the money is going.
Examples
The sessions in the archive that ended with the most one-sided volume. They are picked by that rule from 40 archived sessions, not chosen by hand.
Thursday, November 5, 2026
The ratio ended the session at −17.20.
15:55O 26896.25H 26906.00L 26718.00C 26744.00last bar; point at the chart to read any other
Monday, September 21, 2026
The ratio ended the session at +6.66.
15:55O 30794.25H 30807.75L 30778.00C 30784.25last bar; point at the chart to read any other
Friday, October 30, 2026
The ratio ended the session at −5.15.
15:55O 28554.25H 28556.00L 28476.75C 28529.00last bar; point at the chart to read any other
Recent readings
The reading at the close of each of the last 20 sessions, beside what NQ did that day.
| Session | NQ, open to close | Reading at the close | Label |
|---|---|---|---|
| Fri, Nov 13, 2026 | −353 | −4.67 | Down volume leads |
| Thu, Nov 12, 2026 | +324 | −3.19 | Down volume leads |
| Wed, Nov 11, 2026 | +132 | +5.14 | Up volume leads |
| Tue, Nov 10, 2026 | +92 | −2.64 | Down volume leads |
| Mon, Nov 9, 2026 | +662 | +2.13 | Up volume leads |
| Fri, Nov 6, 2026 | −93 | +2.35 | Up volume leads |
| Thu, Nov 5, 2026 | −1459 | −17.20 | Down volume leads |
| Wed, Nov 4, 2026 | +138 | −1.12 | Even |
| Tue, Nov 3, 2026 | +34 | +2.06 | Up volume leads |
| Mon, Nov 2, 2026 | −584 | −1.95 | Even |
| Fri, Oct 30, 2026 | −271 | −5.15 | Down volume leads |
| Thu, Oct 29, 2026 | −46 | −2.23 | Down volume leads |
| Wed, Oct 28, 2026 | +62 | +1.09 | Even |
| Tue, Oct 27, 2026 | +252 | +3.11 | Up volume leads |
| Mon, Oct 26, 2026 | +209 | +1.52 | Even |
| Fri, Oct 23, 2026 | +93 | −1.55 | Even |
| Thu, Oct 22, 2026 | −371 | −3.06 | Down volume leads |
| Wed, Oct 21, 2026 | +124 | +1.92 | Even |
| Tue, Oct 20, 2026 | +94 | −1.18 | Even |
| Mon, Oct 19, 2026 | −57 | +2.05 | Up volume leads |
Questions about Nasdaq-100 Up/Down Volume
What is Nasdaq-100 Up/Down Volume?
Volume in rising Nasdaq-100 stocks against volume in falling ones: where the money is going. The advance-decline ratio counts stocks. This one weighs them by trading volume, so it shows whether the day's volume is going into rising Nasdaq-100 stocks or falling ones.
How is Nasdaq-100 Up/Down Volume calculated?
When up volume leads, the reading is up volume divided by down volume. When down volume leads, the reading is minus (down volume divided by up volume). So +2 means twice as much volume in rising stocks, −2 means twice as much in falling stocks, and the scale has no ceiling. Both +1 and −1 mean an even split, and no reading falls between them.
How do momentum day traders use Nasdaq-100 Up/Down Volume?
It shows whether the volume is behind the move. It is usually the slowest of the confirmations, so it backs a trade more often than it starts one. Read it next to the advance-decline ratio. When both are one-sided in the same direction, the move has both the stocks and the volume behind it.
What was the latest Nasdaq-100 Up/Down Volume reading?
At the close of the NQ session on Friday, November 13, 2026: Down volume leads: −4.67.