Just saw: $MAGMA overall account long/short ratio: 0.44 (30.4% long / 69.6% short), compared with 0.45 an hour ago.
People often ask how to read the overall account long/short ratio, so here's how I see it.
The account long/short ratio shows how many accounts are on each side, not which side has larger positions. The two often don't line up.
Rather than the reading at any one moment, it's usually more useful to watch which way the ratio is moving and how quickly.
Don't place orders during the most volatile few minutes. Wait for the candlestick to settle before taking a look.
People often ask how to read the overall account long/short ratio, so here's how I see it.
The account long/short ratio shows how many accounts are on each side, not which side has larger positions. The two often don't line up.
Rather than the reading at any one moment, it's usually more useful to watch which way the ratio is moving and how quickly.
Don't place orders during the most volatile few minutes. Wait for the candlestick to settle before taking a look.