A few personal thoughts: a friend asked me how to use the long/short ratio, so I used $MAGIC as an example:
The overall long/short ratio across accounts is 1.15, meaning 53.6% are long and 46.5% are short.
A value above 1 means a higher proportion of traders are long; below 1 means a higher proportion are short. But remember: the more one-sided the numbers are, the more cautious you should be about a move in the opposite direction.
#MAGIC
Do your own research before placing an order.
The overall long/short ratio across accounts is 1.15, meaning 53.6% are long and 46.5% are short.
A value above 1 means a higher proportion of traders are long; below 1 means a higher proportion are short. But remember: the more one-sided the numbers are, the more cautious you should be about a move in the opposite direction.
#MAGIC
Do your own research before placing an order.