Disliked{quote} I don't get your point. The red "oscillator" is the ratio LONG/(LONG+SHORT). I added the black arrows manually exactly to show what you say: it mirrors the trend. The more the price raises the higher the proportion of short positions and the other way around. I'm simply proposing a plausible explanation to this: people let their losers run and close quickly the profitable trades.Ignored
Here's Tom with the weather.