PROTECTED SOURCE SCRIPT
Updated DIX Short Sale Volume
This indicator combines all the short sale volumes from NASDAQ, NYSE and BATS exchanges and calculates Short Vol % to Total Volume across these 3 exchanges. Use it on Daily Timeframe as shown in the above chart.
For more information on Short Sale Volumes refer to https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data
Usage
For more information on Short Sale Volumes refer to https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data
Usage
- When short sale volume data is rising rapidly, it indicates bullishness in the underlying as market makers do not have the shares to sell which results in short sale
- When a stock gets dumped by institutions, short sale %age is normally very low and trend is downwards
Release Notes
Minor changes to Input
Protected script
This script is published closed-source and you may privately use it freely.
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