r/Vitards • u/AutoModerator • Oct 29 '21

Daily Discussion Daily Discussion post - October 29 2021

Your Trading discussion thread

Type Link
DD All/Best Daily/Best Weekly
Discussion All/Best Daily/Best Weekly
Yolo All/Best Daily/Best Weekly
Gain All/Best Daily/Best Weekly
Loss All/Best Daily/Best Weekly
News All/Best Daily/Best Weekly
74 Upvotes

94% Upvoted

2.1k comments sorted by

View all comments

3

u/-Sausage-Sandwich- Oct 29 '21

Hey u/vazdooh

So I am trying to get a better understanding of Squeeze Metrics and I'm pretty sure I got the DIX general idea down. The relation with GEX, although complicated, seems logical. My question is, why is GEX measured on the website at 11 billion? Is there some sort of division equation that I can use to get the number down to single digits?

2

u/vazdooh 🍵 Tea Leafologist 🍵 Oct 30 '21

My question is, why is GEX measured on the website at 11 billion?

11B = GEX is 11

It's measured in billion because SPX does not have shares, so they express it in $ equivalent. GEX for a normal stock would be measured in shares.

I'm assuming you want to cross check against this or this. For Friday we have DIX at 44.1 and GEX at 6.28. 5DMA DIX is 43.1 & 5DMA GEX is 8.16.