Positive Close Ratio

The Positive Close Ratio is a simple sentiment indicator that measures the percentage of days within a chosen lookback period where the closing price finished higher than the previous day.
• Calculation:
It counts how many daily closes were positive compared to the previous day, then divides by the total number of days in the lookback window.
\text{Positive Close Ratio} = \frac{\text{Number of Up Days}}{\text{Lookback Days}} \times 100