Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

SMR Ratio included in Nifty OI Tracker

28 sec read


 
SMR Ratio has been added to the bottom right corner on the Nifty OI Tracker Chart. SMR Ratio is otherwise known as smart money ratio indicator

SMR = India VIX / PCR

SMR = Smart Money Ratio
India Vix = Volatility Index based on nifty option contracts
PCR = Near month Put Call Ratio

How to read SMR
SMR is a measure of fear in the market. A value of less than 20 indicates that market is lack of fear and volatility and the higher PCR ratio(greater than 1) supports such kind of action. And a value of 60 or greater than 60 indicates too much of fear in the market which is highly motivated with lower PCR ratio (less than 1). It is a kind of indicator which provides information about which kind of market we are right now.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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12 Replies to “SMR Ratio included in Nifty OI Tracker”

  1. Great!! needed this for long, if possible please plot graph for PCR and SMR. Good going keep it up.
    Regards
    Venkat

  2. HI rajandran ,
    what’s your opinion on nifty still intact in uptrend – tgt. or key support has been broken ?

  3. Good Morning Sir

    How are you hope all is well at your end !

    Sir I am a bog fan of yours and you are doing a wonderful job, keep rocking sir πŸ™‚

    Thanks a lot for the help and knowledge, really loved learning new things from the site.

    Sir request you to post a article on how get monthly quarterly and yearly pivot of stocks and indexes, as per monthly pivot is also very helpful for trading and pivot points can help a short term trader.

    Please sir I cant figure out how to get the data from and where to get the data from.

    Eagarly waiting

    Thanks

    Akshat

  4. Sir one more thing can you post an tutorial on how to create such OI charts of stocks and indexes and what all information is required to be put into it, wanted to create more OI charts of other stocks also, so if possible can you share the samples or provide the down loadable links of the above charts..

    Thanks a Lot sir

    OI really is very helpful to be on the safer side..

    Thanks once again

    Regards

  5. Hi All,

    How is SUJANA Towers looking ?? it has a target of 65 and 75 in a weeks time CMP 55. Technically looks good?? Please comment

  6. @Akshat

    To Plot Weekly,monthly,yearly pivots try with Pivots afl code in amibroker. And about OI Charts will post a video/article on that soon

  7. Thanks a lot Sir πŸ™‚ for the reply and the sample and eagerly waiting for a video tutorial πŸ™‚

    Thanks in tons πŸ™‚

    Keep Rocking Sir

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