Dix / Dark Pool Oscillator [Nic]Dark pools are private exchanges for trading securities that are not accessible by the investing public. Dark pools were created in order to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
This indicator creates an easy to read oscillator so you can Identify these flows.
Darkpools
Selectable Ticker DIXWith this script you can select 10 tickers and see the aggregated DIX for them. I have the highest volume equity ETFs as defaults, but one could easily select FAANGM and a few other mega caps and make a FAANGM DIX index by changing the tickers in the settings. One improvement item that I have not gotten around to doing is to create a dollar weighted version of this, similar to the actual Squeezemetrics SPX DIX. This is "equal weighted" To make a dollar weighted version, multiply each by the daily closing price essentially and THEN find the average. It is possible to do I just have not taken the time to do it. It is on the list of things to do. If anyone has a solution PM me and I will add it. Thanks.
Individual Ticker DIXThis is the "DIX" for the current ticker. Includes MAs/EMAs/regression built in. One issue that I have not taken the time to figure out is that it will not update until the next day. Monday's DIX will not show on here until Tuesday for example. I am sure it is a simple solution, I just have not taken the time to figure it out. If anyone knows the solution, PM me. Thanks.
SPX DIXThis is the SPX DIX from Squeezemetrics. The code was generated with Python-Pandas. I cannot get the full DIX because I hit the variable limit and have not found a workaround. Publishing this to see if others know of a workaround.
