Volume - All OptsOsc (Indicator)
DisclaimerInput Information
| Name | Expression | Default | Description |
| FastLength | Numeric | 5 | Number of bars to include in calculation of the fast (shorter) moving average of the sum of Put Volume and Call Volume. |
| SlowLength | Numeric | 20 | Number of bars to include in calculation of the slow (longer) moving average of the sum of Put Volume and Call Volume. |
| ColorNormLength | Numeric | 20 | Number of bars over which to normalize the indicator for gradient coloring. |
| UpColor | Numeric | Cyan | Color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| DnColor | Numeric | Magenta | Color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| GridForegroundColor | Numeric | Black | Color to use for numbers in RadarScreen cells when gradient coloring is enabled, that is, when both UpColor and DnColor are set to non-negative values. |
Market Synopsis
Volume - All OptsOsc is an options-related indicator that plots the percentage change in total option volume that is calculated as the sum of Put Volume + Call Volume over a user-specified number of bars..
When you note the relative position of the 2 averages: the short moving average above the long moving average would yield a positive Oscillator value; the short moving average below the long moving average would yield a negative Oscillator value. Calculating the difference between the two averages and plotting this as an oscillator makes extreme positive and negative values stand out as possible buying or selling opportunities.
Plot Information
| Number | Name | Default Color | |
| Plot1 | VolAllOSc | Cyan/Magenta | Plots the oscillator value. |
| Plot2 | ZeroLine | Dark Green | Plots a reference line at zero. |
When applied to a chart, this indicator displays two plots in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.