OPEN-SOURCE SCRIPT
已更新 Daily Short Volume
This is a script to utilize Quandl (Now Nasdaq Data Link) FINRA Short Volume datasets to see daily volume proportions by short / long activity.
For clarity, long volume does not indicate buying or selling, just that some volume for the day was either buying-to-open or selling-to-close.
Similar but opposite, short volume indicates that some volume for the day was either selling-to-open or buying-to-close.
The decimal value indicates the proportion of Long to Short volume. Example, 0.40 green / 0.60 red would indicate 40% long volume / 60% short volume for that day.
We can take that information as well as the overall outcome of the days session to get an idea for who was drove the market direction for the day.
The four clear outcomes that we can look for are:
If the volume was mostly long (a mostly green bar in the indicator) than an up day would indicate position holders added to long positions.
If the volume was mostly long (a mostly green bar in the indicator) than a down day would indicate position holders reduced from long positions.
If the volume was mostly short (a mostly red bar in the indicator) than a down day would indicate position holders sold short and added to short positions.
If the volume was mostly short (a mostly red bar in the indicator) than an up day would indicate position holders bought to cover long positions.
Those are the clearest possible cases but far more likely the volume will be muddled between short and long making interpreting the net outcome of the day far more difficult.
Unfortunately this data is only published at a daily resolution by FINRA and is usually available at the end of the trading day approximately 3-4 hours following market close.
Please reach out with any questions, suggestions, or recommendations on how to improve this indicator.
Best,
Zero
For clarity, long volume does not indicate buying or selling, just that some volume for the day was either buying-to-open or selling-to-close.
Similar but opposite, short volume indicates that some volume for the day was either selling-to-open or buying-to-close.
The decimal value indicates the proportion of Long to Short volume. Example, 0.40 green / 0.60 red would indicate 40% long volume / 60% short volume for that day.
We can take that information as well as the overall outcome of the days session to get an idea for who was drove the market direction for the day.
The four clear outcomes that we can look for are:
If the volume was mostly long (a mostly green bar in the indicator) than an up day would indicate position holders added to long positions.
If the volume was mostly long (a mostly green bar in the indicator) than a down day would indicate position holders reduced from long positions.
If the volume was mostly short (a mostly red bar in the indicator) than a down day would indicate position holders sold short and added to short positions.
If the volume was mostly short (a mostly red bar in the indicator) than an up day would indicate position holders bought to cover long positions.
Those are the clearest possible cases but far more likely the volume will be muddled between short and long making interpreting the net outcome of the day far more difficult.
Unfortunately this data is only published at a daily resolution by FINRA and is usually available at the end of the trading day approximately 3-4 hours following market close.
Please reach out with any questions, suggestions, or recommendations on how to improve this indicator.
Best,
Zero
版本注释
Update to correct for two things: * new data source (FINRA:<sym>_SHORT_VOLUME)
* split adjusted volume on new data source
版本注释
Name update to comply with house rules.开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Disclaimer: Not a personal finance professional or financial advisor. Any and all publications are opinion and not investment advice.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Disclaimer: Not a personal finance professional or financial advisor. Any and all publications are opinion and not investment advice.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。