Click here to Login








Ratio of S&P 500 Index to Equity Put-Call Volume

by The trader, 4843 days ago
Share |






This trading indicator returns the ratio of S&P 500 index to equity put-call volume. It gets the S&P 500 index (Symbol: ^GSPC using the following downloader Historical Stock Market Data) and divide it by the put/call ratio, which can be downloaded from Equity Put-Call Ratio.
The Equity put-call ratio is a sentiment indicator that measures the number of put shares traded and compares it to the number of call shares traded on a given day.

The value returned by this indicator can be used to detect trend changes. For example, an extreme value is often an indication that a bottom is reached and that an uptrend is likely to occur in few days.

The indicator, whose name is "SP_PutCall", does not use directly the put-call ratio raw values; instead, it calculates the 10-Bar simple moving average of this ratio and uses this measure in the subsequent calculations.

The same ratio can be obtained for individual stocks by dividing the close price of each U.S. stock by its put/call ratio. The formula that returns the put/call ratio of each stock is available here Put/Call Ratio for Individual Stocks. You may also generate these ratios from the raw put and call volume that are downloaded using Individual Stocks Put and Call Volume.

It is also possible to compute the ratio for a different index. To do this, update the indicator to display its formula then change the "index" value of the first line. For example: string index = "$SPY";


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 996


Country:
United States

Market: Stock Market

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Buy the best/top rated stocks or how to create powerful rank based trading systems

Ranking stocks based on their correlation with the S&P 500 Index

Creating Stock & Market Short Interest Ratios using Historical Short Sale Data

Select the best ETFs combination to maximize your return and reduce your investment risk

How to turn any ordinary trading strategy into a very profitable one

Charting & Scripts - Manage stock charts using the global script

Trading System: Buy Stocks based on their Sharpe Ratio Rank

Creating and managing notes for your stocks

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



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.