Accumulation2 - Put+Call Open Interest


Accumulation2 - Put+Call Open Interest

Variable List Abbreviation: Accum2-Pt+ClOpnInt


Variable Mode(s): Futures2

[ Note: appears in indicator list only after high, low, put open interest, and call open interest selected ]


Parameter(s): Accum2-Pt+ClOpnInt time periods



Sum of weighted put & call open interests where each time period the put & call 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.



Sum over n time periods of

(put open interest + call open interest) * (close - (high + low)/2)