Variable List Abbreviation: Accum2-Pt+ClVol
Variable Mode(s): Futures2
[ Note: appears in indicator list only after high, low, put volume, and call volume selected]
Parameter(s): Accum2-Pt+ClVol time periods
Sum of weighted put & call volumes where each time period the put & call volume 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 volume + call volume) * (close - (high + low)/2)