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justinsandell
15 feb 2021 02:15

Put Call Oscillator 

SPDR S&P 500 ETF TRUSTArca

Beskrivning

This is a volume-based oscillator used for detecting market sentiment.

This plots two moving averages of the CBOE S&P500 PCR (put call ratio), and a histogram to measure the distance between them. The histogram will generate signals of green (bullish) or red (bearish), depending on whether put volume is decreasing or increasing.

The moving averages are adjustable. They are set at 4 and 16 by default. Increasing the moving averages will generate less signals, while decreasing them will generate more signals.

The background will change color from red to green depending on whether the PCR is above or below 1.



I used capriole_charles script "Put/Call Ratio (PCR)" to help me build this.
Kommentarer
charlie2598
when the price falling why moving average increasing in demo chart you showed
justinsandell
@charlie2598, it's a put:call ratio, the increasing ma shows an increase in relative puts which is a bearish sentiment.
huikj
study error usi:pcc how can solve
Madcaptains
Thanks for sharing. Is it possible to set it up to follow a different index (tsx)
empowerZ
@Madcaptains, I don't see a P/C ratio ticker for the TSX, but yes, you can put any ticker in the script on line 14.
Mer