Why crowd goes together – humans nature is such that most people need to be emotionally secure in their decisions, which is precisely why they get pulled along with herd, and they chose to ignore the history , even their own trade setups/plans and thus capitulate to the herd mentality.
This tutorial explores how to build Put Call Ratio (Open Interest) chart in Amibroker for the any given Option Instrument. Since creating a PCR chart involves multiple Option Strike price and it is a composite indicator it can be achieved in Amibroker using Addcomposite function.
Using Options Oracle is usually very simple thing. One can gain more number of informations about the nifty movement when trying to digging
into the Charts and Open Interest part of Nifty Options. Here are some of the useful charts like Option chain, Putcall ratio, Volatility Smile snapshots for Nifty options obtained using options oracle software.