Life Force - Put+Call Volume

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Life Force - Put+Call Volume

Variable List Abbreviation: LifeForce-Pt+ClVol

 

Variable Mode(s): Futures2

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

 

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

 

Description:

Verifies price trends using changes in total volume.

 

Calculation:

Sum over n (time periods) time periods of

if ( close > previous close)

then current put & call volume sum - previous put & call volume sum

if ( close < previous close)

then previous put & call volume sum - current put & call volume sum