From TradersList Editors

From TradersList Editors

Optimize trade timing by using historical DIX data to identify long entries above 0.45 and sell signals below 0.39.

Optimize trade timing by using historical DIX data to identify long entries above 0.45 and sell signals below 0.39.

ThinkOrSwim Indicator

ThinkOrSwim Indicator

SqueezeMetrics Dark Pools Indicator for ThinkOrSwim: DIX-Based Entry and Exit Signals for S&P 500 Trading

SqueezeMetrics Dark Pools Indicator for ThinkOrSwim: DIX-Based Entry and Exit Signals for S&P 500 Trading

ThinkOrSwim interface displaying the SqueezeMetrics Dark Pools Indicator on a price chart with signals for long entries above 0.45 and sell points below 0.39

by deusmecanicus on ThinkOrSwim

ThinkOrSwim interface displaying the SqueezeMetrics Dark Pools Indicator on a price chart with signals for long entries above 0.45 and sell points below 0.39

by deusmecanicus on ThinkOrSwim

🤖

🤖

SqueezeMetrics Dark Pools Indicator For ThinkOrSwim

SqueezeMetrics Dark Pools Indicator For ThinkOrSwim

SqueezeMetrics Dark Pools Indicator for ThinkorSwim is a free indicator that uses the Dark Index (DIX) for generating long and short signals, based on statistical analysis and backtested data.

SqueezeMetrics Dark Pools Indicator for ThinkorSwim is a free indicator that uses the Dark Index (DIX) for generating long and short signals, based on statistical analysis and backtested data.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

🔑

Open Source

Listing has publically available source code that can be audited and modified as needed.

🔑

Open Source

Listing has publically available source code that can be audited and modified as needed.

💸

Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

💸

Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

Published by deusmecanicus on ThinkOrSwim

Published by deusmecanicus on ThinkOrSwim

What the Dark Index Actually Measures

The Dark Index (DIX) tracks short-selling volume in dark pools across S&P 500 stocks. Counterintuitively, more short selling often means more buying - because market makers short-sell shares to fill incoming buy orders. So a high DIX often signals quiet institutional accumulation.

Simple Buy and Sell Signals

The indicator triggers a long signal when the DIX rises above 0.45 and a sell signal when it drops below 0.39. In backtesting over three years, this approach captured most major rallies while sidestepping significant drawdowns - with the main exception being the sudden 2020 COVID crash.

What the Dark Index Actually Measures

The Dark Index (DIX) tracks short-selling volume in dark pools across S&P 500 stocks. Counterintuitively, more short selling often means more buying - because market makers short-sell shares to fill incoming buy orders. So a high DIX often signals quiet institutional accumulation.

Simple Buy and Sell Signals

The indicator triggers a long signal when the DIX rises above 0.45 and a sell signal when it drops below 0.39. In backtesting over three years, this approach captured most major rallies while sidestepping significant drawdowns - with the main exception being the sudden 2020 COVID crash.

A Window Into Institutional Behavior

Dark pools handle roughly a third of all U.S. stock market volume, mostly from institutions. By monitoring this off-exchange activity, the DIX provides a sentiment read that most retail traders never see - one based on what large players are actually doing, not just saying.

How to Keep It Updated

SqueezeMetrics publishes DIX data a few hours after market close each day. Users import this data into ThinkOrSwim via a Google Sheet. It requires a quick daily update, but the signals work best as a longer-term overlay for gauging when the market is being accumulated or distributed.

A Window Into Institutional Behavior

Dark pools handle roughly a third of all U.S. stock market volume, mostly from institutions. By monitoring this off-exchange activity, the DIX provides a sentiment read that most retail traders never see - one based on what large players are actually doing, not just saying.

How to Keep It Updated

SqueezeMetrics publishes DIX data a few hours after market close each day. Users import this data into ThinkOrSwim via a Google Sheet. It requires a quick daily update, but the signals work best as a longer-term overlay for gauging when the market is being accumulated or distributed.

Dark pool flows with statistical measurement

Dark pool flows with statistical measurement

The Dark Index (DIX) tracks short-selling volume in dark pools across S&P 500 stocks. Counterintuitively, higher short selling often signals institutional accumulation since market makers short-sell to fill incoming buy orders.

The Dark Index (DIX) tracks short-selling volume in dark pools across S&P 500 stocks. Counterintuitively, higher short selling often signals institutional accumulation since market makers short-sell to fill incoming buy orders.

Spot DIX Extremes for Entry Signals

Long signals trigger when DIX rises above 0.45 and sell signals appear below 0.39. These thresholds have historically captured major rallies while avoiding significant drawdowns.

Read Smart Money Positioning

Dark pools handle roughly a third of all U.S. stock market volume. Monitoring this off-exchange activity reveals what large players are doing rather than just saying.

Flag Unusual Dark Pool Activity

The indicator highlights periods of abnormal dark pool behavior. Spikes or drops in DIX often precede meaningful directional moves in the broader market.

Common Questions About the Dark Pools Indicator

Common Questions About the Dark Pools Indicator

Dark pool data and the DIX can be confusing for traders used to public exchange metrics. Below are answers to the most asked questions about interpreting institutional activity.

Dark pool data and the DIX can be confusing for traders used to public exchange metrics. Below are answers to the most asked questions about interpreting institutional activity.

Why does a high DIX signal bullish conditions?

High short-selling volume in dark pools often means market makers are selling shares to fill incoming buy orders. More short selling counterintuitively signals quiet institutional accumulation.

How do I keep the indicator updated with fresh data?

SqueezeMetrics publishes DIX data a few hours after market close each day. Import the data into ThinkOrSwim via a Google Sheet and update daily for accurate signals.

What are the threshold levels for buy and sell signals?

The indicator triggers a long signal when DIX rises above 0.45 and a sell signal when it drops below 0.39. These levels are based on backtested data over several years.

🌐

🌐

Web sentiment

Web sentiment

Traders view SqueezeMetrics with enthusiasm, appreciating its insights and actionability; some concerns about data accuracy exist but don't overshadow positive sentiment.

Traders view SqueezeMetrics with enthusiasm, appreciating its insights and actionability; some concerns about data accuracy exist but don't overshadow positive sentiment.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

✍️

✍️

TradersList Reviews (6)

TradersList Reviews (6)

TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.

TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.

⭐️

⭐️

⭐️

⭐️

⭐️

Source: TradersList Reviews

Source: TradersList Reviews

Bookmark

Saved here

🤖

Get Indicator

Find Indicator

Review

Review Indicator

✍️

⭐️

⭐️

⭐️

⭐️

⭐️

3

Comments

Read on Telegram

Find More

Similar Indicators

Listing by third party publisher. Not financial advice.

Risk Disclosure

Share Listing

🤖

🤖

Get Indicator

Get Indicator

Find Indicator

Find Indicator

✍️

Review

Review

Review Indicator

Review Indicator

⭐️

⭐️

⭐️

⭐️

⭐️

3

3

Comments

Comments

Read on Telegram

Read on Telegram

Saved here

Bookmark

Listing by third party publisher. Not financial advice.

Listing by third party publisher. Not financial advice.

Risk Disclosure

Risk Disclosure

Share

🤖

3

Get Notified

New Listings Weekly

🤖

3

Get Notified

New Listings Weekly

🤖

3

Get Notified

New Listings Weekly

🔥

New Listings

Featured this week

🤖

Similar Listings

Traders also viewed

All

ThinkorSwim interface displaying a sector rotation statistics indicator with normalized line graphs plotting the relative performance of major sector ETFs like XLK, XLF and XLE to visualize capital flow between market sectors

🤖

by markos

Free

ThinkOrSwim Indicator

Sector Rotation Indicator For ThinkOrSwim

🔑

🌐

Sector Rotation is a ThinkorSwim indicator that visually analyzes shifting investment allocations between sectors, revealing outperforming and underperforming themes.

ThinkorSwim interface displaying a watchlist column indicating if a stock is above or below the Volume Weighted Average Price and a price chart showing the VWAP line

🤖

by benten

Free

ThinkOrSwim Indicator

VWAP Crosses, Format, Watchlist, Label, Scan For ThinkOrSwim

🔑

🌐

VWAP Crosses is a free ThinkorSwim indicator that shows whether stocks in included in a watchlist are trading above or below the Volume Weighted Average Price.

ThinkOrSwim watchlist column displaying histogram color coding and numerical values to track squeeze events and momentum direction

🤖

by dunpeal

Free

ThinkOrSwim Indicator

Squeeze Watchlist Column - Histrogram Colors, For ThinkOrSwim

🔑

🌐

Squeeze Watchlist Column is a free ThinkOrSwim indicator that visualizes market squeeze events with histogram colors, counts amount of squeezes, tracks their timing across different timeframes and organizes watchlist metrics numerically for easy monitoring.

ThinkOrSwim price chart featuring the FlowAlgo Dark pool and Option Flow indicator displaying visual markers for institutional dark pool orders and option flow data points

🤖

by benten

Free

ThinkOrSwim Indicator

FlowAlgo Dark pool and Option Flow For ThinkOrSwim

🔑

🌐

🏅

FlowAlgo Dark pool and Option Flow for ThinkorSwim is a ThinkOrSwim indicator that visualizes dark pool and option trading activities using manual, hardcoded data.

ThinkOrSwim chart interface showing the Expected Move Probability Cone indicator projecting a widening parabolic range forward from current price levels based on implied volatility and time to expiration

🤖

by halcyonguy

Free

ThinkOrSwim Indicator

Expected Move, Probability Cone For ThinkOrSwim

🔑

🌐

Expected Move, Probability Cone For ThinkOrSwim is an Indicator that calculates expected market moves using price, implied volatility and days to expiratio. Visually displayed using a probability cone.

ThinkOrSwim chart displaying the Triple VWAP indicator with upper and lower bands representing one two and three standard deviations around the central volume-weighted average price line

🤖

by benten

Free

ThinkOrSwim Indicator

Triple VWAP Indicator For ThinkOrSwim

🔑

Triple VWAP Indicator for ThinkorSwim VWAP by adding 1 to 3 standard deviation bands alongside VWAP, providing a more detailed view of extreme deviations based on market volatility.

ThinkOrSwim platform interface displaying the Unusual Option Activity Scanner with a list of option contracts with volume of 10,000 or more and strike prices and expiration dates

🤖

by theelderwand

Free

ThinkOrSwim Indicator

Unusual Option Activity Scanner For ThinkOrSwim

🔑

🌐

Unusual Option Activity Scanner for ThinkorSwim is an Indicator that scans option contracts with volumes of 10,000 or more to identify unusual activity. Fine-tune settings according to your needs.

ThinkorSwim trading chart featuring the Implied Volatility Rank and Percentile indicator with lines representing the 52-week high and low ranges

🤖

by camelotnite

Free

ThinkOrSwim Indicator

Implied Volatility (IV) Rank & Percentile For ThinkOrSwim

🔑

🌐

Implied Volatility (IV) Rank & Percentile for ThinkOrSwim displays implied volatility (IV) rank and percentile for options, providing insights into how options are priced in a market.

🤖

by tradecombine

Free

ThinkOrSwim Indicator

JBoyd_TDA Seasons Column For ThinkOrSwim

🔑

🌐

JBoyd_TDA Seasons Column For ThinkOrSwim displays market trend states using seasonal terms like winter and summer, enabling a quick an intuitive read for different trending states and their magnitude.

Discover trading edge

Discover trading edge

Indicators, Platforms & Education

Indicators, Platforms & Education

Browse Listings

Browse Listings

or

Open Random

Open Random

TradersList

Discover trading edge

Follow

Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

Read full disclaimer

TradersList

Discover trading edge

Follow

Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

Read full disclaimer

Follow

Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

Read full disclaimer