A leveraged share volume indicator that tracks bull and bear market sentiment by analyzing volume across different market ETFs and their inverse counterparts.
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The indicator pulls leveraged share volume data from pre-programmed ETFs like SPY, IWM, DIA, QQQ, and XLE, comparing bull and bear share volumes. It calculates a ratio by dividing total bear shares by total bull shares, creating a sentiment metric similar to a put-to-call ratio.
Users can customize the indicator by selecting specific ETFs or manually inputting tickers. The default view displays the ratio with a 14-period Simple Moving Average (SMA) line, which can be adjusted to provide context about current market positioning.
Why it may be useful
This indicator offers traders a unique perspective on market sentiment by tracking leveraged share volume across different market sectors. By analyzing the relative buying of bull and bear shares, traders can gain insights into potential market direction and investor psychology.
The volume comparison provides a nuanced view of market positioning, helping traders understand underlying market dynamics beyond traditional price-based indicators. It serves as a complementary tool for understanding market sentiment and potential trend reversals.
When to explore it
The leveraged share volume indicator is most effective during periods of market uncertainty or potential trend changes. Traders can use it to gauge market sentiment across different sectors and identify potential shifts in investor positioning.
It is particularly useful for active traders who want to supplement their technical analysis with volume-based sentiment indicators. The tool can be especially valuable during volatile market conditions or when analyzing broad market trends across different ETF sectors.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
