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OmniTrader Archives OmniTrader 2011 Technical Support PUT / CALL RATIO CHART		Last Activity 12/31/2013 1:06 PM 8 replies, 1764 viewings

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FrankB

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Subject : PUT / CALL RATIO CHART
Posted : 9/2/2013 3:50 PM
Post #28728

Is there a way to show the put/call ratio on a candle stick chart ???

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Jim Dean

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 3:53 PM
Post #28729 - In reply to #28728

It would have to be provided with your data feed. It's a value that has to be calculated by the vendor, not by OT. If its avail as a symbol, it can be plotted. Check with your data vendor as to what the symbol is.

[Edited by Jim Dean on 9/2/2013 5:08 PM]

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Diamondjag

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 5:01 PM
Post #28733 - In reply to #28728

The Put/Call Ratio does comes as part of Nirvana's Market Breadth Plug-In. If you like these type of indicators, Put/Call, Advance/Decline, New High, New Low Ratio, etc. you might be interested in the Package. The Indicators are then found under right click "Add Indicator", "Market Breadth". I look at this information every week. Gives me a broad view of the market. They are line charts. See attached and this thread:

http://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=4386&posts=2

Attached file : Breadth Indicators.png (98KB - 494 downloads)

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Jim Dean

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 5:03 PM
Post #28734 - In reply to #28733

Thanks Dave - for some reason I often forget about the scope of the MB indicators - I should spend more time on them.

[Edited by Jim Dean on 9/2/2013 5:06 PM]

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FrankB

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 5:21 PM
Post #28735 - In reply to #28728

Thanks guys, for your quick reponse

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FrankB

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 6:27 PM
Post #28736 - In reply to #28728

This may be of intrest:: if you put a Willams %R(30,-20,-80) over top of the put/call ratio (5):: where the two lines squeeze together, it seems that your close to a short or long term bottom. Willams %R crosses above the -20 line :: you get a buy signal. I would like some imput to make this squeeze more stable

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Jim Dean

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 6:39 PM
Post #28737 - In reply to #28736

The idea makes sense. The W%R is simply an upside-down Stochastic. When it closes in on its trigger line in the outer boundaryof the range it means a form of "consolidation" has occurred, preparatory for a reversal. The precise % that flags a reversal is anybody's guess but would certainly be worthy of backtesting via Straetgy Wizard, as a Filter.

If you are willing to add some lag to avoid false starts, consider requiring both the lines to cross the threshold you are testing. Or, require the raw Indic to cross, plus a positive 3-bar LnReg_Slope of the trigger line to be in the desired direction of the crossover, even if that line has not yet crossed the threshold.

There are many such variants you can play with - but your original idea sounds like a good starting point, as a Filter.

[Edited by Jim Dean on 9/2/2013 6:42 PM]

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jawjahtek

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 6:40 PM
Post #28738 - In reply to #28736

Not sure what you mean by "more stable".
If you mean you want to make the indicator smoother, then use the Stochastic Oscillator.
It is the same basic calculation as Williams %R; Stochastic allows for smoothing with user selected periods.
The vertical scale is different, but that should not make a difference for analysis or in a trading system.

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FrankB

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 8:41 PM
Post #28739 - In reply to #28728

Thanks: Jim Dean and jawjhtek,:: will test using the slow stoch. and that will add more of a visual squeeze. If you go back in time, the lower indicators seem to move toward and away from each other, making it hard to see a squeeze. If I wanted to create a squeeze on the upper chart by putting the Keltner bands(20) and Bollinger bands(20): you would see a volatility squeeze when the Bollinger bands goes inside the Keltner channel. When you go back in time the upper indicators are more stable. Originally I wanted to use the Williams %R (30,-20,-80) because Price Headley use it to keep him in a trend.

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