Analysis Techniques & Strategies

$image\insert_showme.gif$ Vol All Opts Brkout (ShowMe)

Input Information

Name	Expression	Default	Description
OptionVolAvgLength	Numeric	20	Sets the numbers of consecutive bars needing higher or lower Put/Call Volume Ration values to plot a marker.
OptionVolBrkoutPct	Numeric	50	Set to true to plot a marker after the specified number of consecutive up bars are counted. Set to false to not plot an up marker.
ShowCallVolBrkouts	Boolean	True	Set to true to plot a marker on which a breakout in call option volume occurs. Set to false to not plot this breakout marker.
ShowCallVolBrkouts	True/False	True	Set to true to plot a marker on which a breakout in put option volume occurs. Set to false to not plot this breakout marker.
ShowCallVolBrkouts	True/False	True	Set to true to plot a marker on which a breakout in sum of call volume and put volume occurs. Set to false to not plot this breakout marker.

Description

Put/Call Vol Consecs plots a marker on the current bar where there are breakouts in call, put, and total option volume based on user-specified breakout and moving average settings. A breakout is defined as when a move in the Put Volume, Call Volume, or sum of Put+Call Volume reaches the specified breakout percentage level above its moving average.