Abbreviation: Put/Call Vol Ratio ExpAvg
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Volume | ||
| Call Volume | ||
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = Put/Call Vol Ratio(Put Volume, Call Volume)
Put/Call Vol Ratio represents Put/Call Volume Ratio
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Put/Call Volume 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.