Experimenting with de-trending the various Put/Call Ratios.
Use with tickers PCCE, PCC, PCE, PCOEX, etc. Type "PUT" in the ticker field to see the many options. Use daily charts. Then you can hide the put call ratio and overlay SPX to see the signals. The default MAs are a common way to detrend. Basically takes the 10 day moving average and 127 day moving average(half year in trading days), to "de-trend" the ratio to weed out the noise that is seen in the ratio.
If you can find anything useful or interesting with this, let me know. I think it is useful as is, but if you find an interesting way to use it let me know.
HI,
I´m using your script but I would know how do you use it, im using it in combination on p/c-ratio-buschi but he send me oposites signals and I would know your opinion thanks and regards
brich017
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Using your indicator in conjuction with HPotter's APO indicator seems to provide good indication of bull/bear momentum at higher time frames. Ex. If APO>0 & PDCT>1, bullish; If APO<0 & PDCT<1, bearish
I´m using your script but I would know how do you use it, im using it in combination on p/c-ratio-buschi but he send me oposites signals and I would know your opinion thanks and regards