Put/Call Vol Extreme (PaintBar)Analysis Techniques & Strategies
Put/Call Vol Extreme (PaintBar)| Name | Expression | Default | Description |
| MALength | Numeric | 20 | Number of bars to use when calculating the moving average of the Put/Call Volume ratio. |
| PctAboveOrBelowMA | Numeric | 70 | Percentage amount above or below the moving average of the Put/Call Volumeratio that is considered "extreme", causing a bar to be painted. Enter percentages as whole numbers, not as fractions. For example, for 50% enter 50, not 0.50. } |
| PaintHiExtremes | True/False | True | Set to true to paint a bar when Put/Call Volume is at or above the PctAboveOrBelow MA target. Set to false to not paint the bar for this condition. |
| HiColor | Numeric | Red | Sets the bar paint color for high extremes. |
| PaintLowExtremes | True/False | True | Set to true to paint a bar when Put/Call Volume is at or below the PctAboveOrBelow MA target. Set to false to not paint the bar for this condition. |
| LoColor | Numeric | Yellow | Sets the bar paint color for low extremes. |
Put/Call Vol Extreme is an options-related indicator that paints a bar if the ratio of put volume to call volume is a user-specified percentage above or below its moving average.
The percentage amount above or below the moving average is a percentage of the moving average value. Thus, for example, when input pctAboveOrBelowMA is set to 30 bars will be painted when the ratio is greater than or equal to 30% above (1.3 times), or less than or equal to 30% below (0.7 times) the average ratio value.
| Number | Name | Default Color | Description |
| Plot1 | PCVolExtreme | Red | Paints each bar where the high or low values are reached. |
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