Accumulated Put/Call Ratio V2

This is an updated version of the Accumulated P/C Ratio. Some changes include:
- Pinescript privacy changed from protected to open.
- Utilizes the "request.security_lower_tf" function for weekly and monthly charts.
- Now acquires and sums raw put volume (ticker: PVOL) and call volume (ticker: CVOL ) separately, then divides the aggregate put to aggregate call to get the P/C ratio, as opposed to the original version which directly sums the put call ratio (ticker: PCC ). Mathematically this calculation makes more sense, but the major drawback of this change seems to be that PVOL and CVOL don't have as much historical data as PCC .

The way to interpret the indicator is the same as the original version - higher values are bullish while lower values are bearish . A solid (0 transparency) bar means that the value is beyond 3 standard deviations within a particular period.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?