Mt4 Put Call Ratio Indicator
Buy when its fall is replaced by growth and sell when its growth is replaced by fall.
Mt4 put call ratio indicator. Buy when callput ratio goes into the green zone provided that it was in the red one a few bars ago. Traders buy puts as insurance against a market decline or as a directional bet. Free download indicators ratio for metatrader 4. All indicators on forex strategies resources are free.
The put call ratio pcr is an indicator that plots put volume divided by call volume. Put options give the owner the right to sell a certain amount of an underlying security at a fixed price within a specified time frame. As with most sentiment indicators the put call ratio is used as a contrarian indicator to gauge bullish and bearish extremes contrarians turn bearish when too many traders are bullish and turn bullish when too many traders are bearish. You can also follow the signal of the red signal line.
On the contrary sell when the indicator has moved to the red zone from the green one. Call put ratio identifies the change of these phases and shows you when you can open a long or short position. One of the most reliable indicators of future market direction is a contrarian sentiment measure known as the put call options volume ratio. It easy by attach to the chart for all metatrader users.
This code is based from the mt4 zigzag indicator the zigzag settings for the main one on tradingview do not work the same as mt4 i hope u love it i have had tons of experience on the zigzag indicator and thought this might help someone.
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