OPEN-SOURCE SCRIPT
© AlpHay : FINRA SHORT DATA REPORT TABLE with QUANDL Data
Updated
// Equity Short Data Report Table:
// Data Provider: Quandl => Finra (Nyse + Nasdaq + Bats exchanges)
// I am not a financial advisor or expert.
// This is my interpretation of FINRA's data. Consider this data doesn't represent the whole picture of what is going on!
// If you find some fundementally wrong thinking about this aproach, please inform me.
// I am open to suggestions. I am also looking for answers.
// Use it with a daily timeframe for data consistency.
// You can change the threshold values whatever you want.
// MFM (Money Flow Multiplier):
// mfm = close == high and close == low or high == low ? 0 : (2 * close - low - high) / (high - low)
// Data Provider: Quandl => Finra (Nyse + Nasdaq + Bats exchanges)
// I am not a financial advisor or expert.
// This is my interpretation of FINRA's data. Consider this data doesn't represent the whole picture of what is going on!
// If you find some fundementally wrong thinking about this aproach, please inform me.
// I am open to suggestions. I am also looking for answers.
// Use it with a daily timeframe for data consistency.
// You can change the threshold values whatever you want.
// MFM (Money Flow Multiplier):
// mfm = close == high and close == low or high == low ? 0 : (2 * close - low - high) / (high - low)
Release Notes
Currency symbol removed.Release Notes
Chart view changed.Release Notes
added some references.Release Notes
* The second version of the "FINRA" short data analysis.* You can use either "Table" or "Oscillator" mode. (if you choose oscillator mode, be sure to add an indicator as an oscillator. then Choose "OSC" from Modes)
* "Mobile" page layout for lighter daily usage (for Table use only).
* more reliable code.
* easy to customize.
Disclaimer and Warning!
* Do not forget this is my Interpolation of the data sets. You can't invest in relying on this indicator. This is just a visual representation of the data sets.
* The base assumption is (obviously, Everybody is trying to figure it out 🥺) Unclosed "Short" Positions. As you may know, this is an ongoing process, not a constant state.
1) MFM ("Money Flow Multiplier") gives me an understanding of what net position is (either "float" or "short") daily basis—Sentiment of the day.
2) Then, I use the "On Balance Volume" formula for this value. Depending on "short" or "float."
3) OSM_MFM is my prediction for Unclosed Short Positions.
Finra supply on three primary exchange data freely. Don't forget there are min 30 exchanges. and "Equity Swaps" and "Total Return Swaps."
Etc etc. 🫣
Don't lose hope. Just be careful what you wish for. And search for anomalies.
I hope you enjoy it.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
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.