# Put / Call Ratio

The **Put / Call Ratio** is defined as follows:

```
Put / Call Ratio = Total Put Options Volume / Total Call Options Volume
```

This indicator requires an [IQFeed](https://www.iqfeed.net/) data subscription as it relies on the following market statistics symbols:

* VPOT.Z - Option Put Volume Total
* VCOT.Z - Option Call Volume Total

## Parameters

N / A

## Plots

**Put / Call Ratio**: The total put option volume divided by the total call option volume. (Default: Yellow Solid Line 3px)

## Screenshots

![Put / Call Ratio](https://static.moshington.com/images/indicators/put-call-ratio/put-call-ratio.png)

## Strategies

The [Put / Call Ratio Highs and Lows strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/put-call-ratio-highs-and-lows) is based on this indicator.

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