This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
Individual Stocks Put and Call Volume is a trading object I have uploaded few months ago. It downloads options put and call volume for each US stock. It gets the data from the Options Clearing Corporation - OCC - website and stores it in a custom database.
The Put Call Volume Comparison Indicator uses this data to create a composite that compares put and call volume for each stock and then aggregates the individual results. To be more specific, this market breadth indicator is the ratio of the number of stocks that have more put volume than call volume (Number of call options shares traded) during a particular date divided by the number of stocks that have more call volume than put volume.
Generally, this composite is considered bullish when its value is lower than one because in this case there are more stocks with higher call volume than put volume.
This Put Call Indicator can be smoothed using a simple moving average and used as a market timing indicator to trade the stock market.
Other market indicators computed from put options and call options data include the Equity Put-Call Ratio (From the Chicago Board Options Exchange - CBOE), EOX Put-Call Ratio (PCR) and Put-Call Ratio Index using Market Makers Trades. These Put Call Ratios are different from the current indicator in that they are based on the put and call volume calculated separately for all stocks instead of put and call data from individual stocks.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
