Abbreviation:
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Volume | ||
| Put Open Interest | ||
| Call Volume | ||
| Call Open Interest | ||
Calculation:
Put Volume / Put Open Interest
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Call Volume / Call Open Interest
Discussion:
Provides a measure of market sentiment by modifying the concept of the Put/Call Volume Ratio. Dividing a volume by its corresponding open interest provides a measure of the amount of liquidation transactions versus the amount of buyer to seller transactions in the market. The market sentiment indicator is finally created by creating the put to call ratio of this measure.