Life Force - Put+Call Open Interest

Top 

Life Force - Put+Call Open Interest

Variable List Abbreviation: LifeForce-Pt+ClOpnInt

 

Variable Mode(s): Futures2

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

 

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

 

Description:

Verifies price trends using changes in total open interest.

 

Calculation:

Sum over n (time periods) time periods of

if ( close > previous close) then

current put & call open interest sum - previous put & call open interest sum

if ( close < previous close) then

previous put & call open interest sum - current put & call open interest sum