Market Internal Overlay - Skew and Put/Call Ratio

Tracks both the SSKEW and CPC and will highlight when certain thresholds are met.

Blue candle = skew is below 125 (low relative levels of hedging occurring)
Gray candle = skew is above 150 (higher relative levels of hedging occurring)

Red candle = 10 DMA of the put/call ratio is above 1.0 (signaling potential overbought territory)
Green candle = 10 DMA of the put/call ratio is below 0.80 (signaling potential oversold territory)

Purple candle = Both signals are occurring (in either direction)

To view the candle overlay, either switch the price data off, or change the colors to be darker and more transparent.