Mapping Equity Short Volume Ratios Across Sessions and Price Levels
Summary
This indicator combines short-volume data from selectable sources with total volume to calculate short-volume ratios. It compares current short volume, total volume, and their ratio with moving averages, and draws labeled ranges around selected activity. The labels summarize aggregated short and total volume, an approximate short-volume percentage, and a volume-weighted price reference. It also tracks short volume and total volume from a rolling two-year price high.
The script colors annotations according to whether the calculated short-volume ratio is at least 20 percent and marks selected periods around new short-volume highs and pivot highs. These visual summaries may help researchers inspect changes in reported short activity alongside price structure, but they do not establish bearish positioning or predict returns. The document explicitly warns that short-volume reports are daily, so intraday calculations are incorrect; availability also varies by source, exchange, and history. The figures are descriptive aggregates, not evidence of a validated signal.
Key ideas
- The indicator compares reported short volume with total volume and their moving averages.
- It aggregates activity over selected sessions and annotates price ranges with volume and VWAP summaries.
- A rolling two-year price high is used as a reference for cumulative short-volume tracking.
- Daily reporting makes intraday short-volume calculations unreliable, and data availability varies.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.