Mt4 Put Call Ratio Indicator
Call put ratio identifies the change of these phases and shows you when you can open a long or short position.
Mt4 put call ratio indicator. Free download indicators ratio for metatrader 4. On the contrary sell when the indicator has moved to the red zone from the green one. You can also follow the signal of the red signal line.
The put call ratio pcr is an indicator that plots put volume divided by call volume. Buy when its fall is replaced by growth and sell when its growth is replaced by fall. 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.
All indicators on forex strategies resources are free. 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. Our put call ratio timing indicator attempts to take the psychology and emotion out of the trading by analyzing the put call ratio via an algorithm and displaying its current reading in standard technical analysis format.
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. On balance option buyers lose about 90 of the time. Buy when callput ratio goes into the green zone provided that it was in the red one a few bars ago.
Here there is a list of download the ratio indicators for metatrader 4.
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