BE SURE TO RUN THE SCRIPT WITH BAR REPLAY TO SEE WHAT IT DOES! I hope you like it!
This script calculates the total short volume, total volume, and the short volume / total volume ratio since the 2-year high price. In addition, the approximate dollar value of all short volume since the 2-year high, and the approximate dollar value of all non-short sell volume since the 2-year high is calculated using VWAP. A red line (short interest ratio >= 20%) connects the 2-year high to current session’s high price; a green line (short interest ratio < 20%) connects the 2-year high to the current session’s high.
The script also “stamps” sessions in which a NEW 1-year high in SHORT volume is achieved, and when a PIVOT POINT high is achieved (highest high over 51 sessions). When a new high in short volume is achieved the script aggregates the total volume and short volume for the 5 sessions prior to the new high, the session of the new high, and the 4 sessions after the new high (10 sessions). Additional volume calculations are performed for the 10 session period!
When a pivot point high is achieved the script aggregates the total volume and short volume for the 3 sessions prior to the pivot high, the session of the pivot high, and the 2 sessions after the new high (6 sessions). Additional volume calculations are performed for the 6 session period!
Red labels, red boxes, and red lines indicate a short volume ratio greater than or equal to 20% over the corresponding period! Green labels, green boxes, and green lines indicate a short volume ratio less than 20% over the corresponding period!
Phát hành các Ghi chú
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Changed the tracking label y-axis plot. The tracking label will trail price a bit tighter!
@HeWhoMustNotBeNamed, Thought I replied in the comments but I guess it was a personal message!
Thank you very much! Big fan of your scripts; this means a lot!
TradingView
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KioseffTrading
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@TradingView, The legends themselves!! Thank you Tradingview team!
PineCoders
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KioseffTrading
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@PineCoders, Thank you very much! Very appreciated!
tommytx
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Wow! Thank you so much for including the source code. As far as I can tell you are the only one willing to share the source for all your tutorials. I am sure that once this gets out your audience will increase ten fold. It is so time consuming trying to type the code into a text file.... which means that we your audience cannot use all that typing time to watch your other videos. I know your followers love me for suggesting you make the code accessible and you did and my hope is that they will tell all their friends. as including the source code is immesurable.. Your only competitor says to get his code pay him $1500 to subscribe to his course... and that is ok.. he has that right...as his time is also valuable. So AUDIENCE lets make this guy a legend.... he deserves it.. Call all your friends and even go so far as to write a great review on him... I certainly plan to... Also keep in mind I would be willing to pay a few hundred bucks for all the code you have written.... or even sign up for a Patron plan to join to be able to access the code as you write it... Please audience respond here if you appreciate what he has done in regard to including code with all future videos. I think if you include "Source Code Included" in the title it would increase your audience significantly.... bless you Mr. Kioseff. I will never be able to thank you enough for your sharing...most charge for the source and i have no problem paying a fair price and I am sure most others who love what you do would also jump in. COME ON AUDIENCE be sure to give a Thumbs up and some very nice comments in appreciation for what Mr. Kioseff has just done for us.... THANK YOU from the bottom of my heart. You truly deserve to be called Mr. PineScript for sure. That is what I will call you as I advertise to all my coding friends... and PLEASE EVERYONE help out here bring in all your friends. The bigger we make that follower and thumbs up the more content he will produce... it more is possible.. he must be sleeping very little and has no time to work the Markets to become rich and forget all about us..
Daveatt
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Interesting concept, good work
KioseffTrading
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@Daveatt, Hey Mr. Daveatt! Thank you very much for the support!
tyler8910
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This is excellent. Very clean. Any tips on how to interpret the signals/info? I'm not sure what to make of it.