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Shortvolumeratio

Daily Short Volume RatioThe short volume ratio is the number of shares sold short divided by the average daily volume and is used to indicate sentiment. In its most basic form, short volume ratio above 0.5 indicates more folks are shorting the stock while a short volume ratio below 0.5 indicates more folks are buying the stock. Short volume and total volume data is collected daily from FINRA for the NYSE and the NASDAQ exchange and represents lit markets. Daily short and total volume is calculated after the exchanges close so will lag by a day on the chart. This indicator displays the short volume ratio for the last 1, 2, 3, 4, and 5 days and includes a smoothing function (def: off) to better visualize trends. The indicator also includes the ability to view the short volume ratio for the last day for a reference ticker (def: SPY) to compare with total market sentiment. Thanks to those before me for providing ideas and code.
Pine Script® indicator
by Snufkin420TC
Updated
22

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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