Accumulation2 - Put Volume


Accumulation2 - Put Volume

Variable List Abbreviation: Accum2-PutVol


Variable Mode(s): Futures2

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


Parameter(s): Accum2-PutVol time periods



Sum of weighted put volumes where each time period the put 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 * (close - (high + low)/2)