Variable List Abbreviation: Accum2OpnInt
Variable Mode(s): Stock and Futures1
[ Note: appears in indicator list only after high, low, and open interest selected ]
Parameter(s): Accum2OpnInt time periods
Description:
Sum of weighted open interests where each time period the open interest is weighted by the distance between the closing price and the range midpoint. The weighting effectively gives a large weight to time periods in which the close is very close to either the high or low ( a possible upward or downward trend). A close above the midpoint results in a positive weight, while a close below the midpoint results in a negative weight.
Calculation:
Sum over n time periods of
open interest * (close  (high + low)/2)
