Abbreviation: Put/Call OpenInt Ratio ExpAvg
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Open Interest | ||
| Call Open Interest | ||
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = Put/Call OpenInt Ratio(Put Open Interest, Call Open Interest)
Put/Call OpenInt Ratio represents Put/Call Open Interest Ratio
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Put/Call Open Interest Ratio indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.