Life Force - Put Open Interest

Life Force - Put Open Interest

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Life Force - Put Open Interest

Variable List Abbreviation: LifeForce-PutOpnInt

 

Variable Mode(s): Futures2

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

 

Parameter(s): LifeForce-PutOpnInt time periods

 

Description:

Verifies price trends using changes in put open interest.

 

Calculation:

Sum over n (time periods) time periods of

if ( close > previous close) then

current put open interest - previous put open interest

if ( close < previous close) then

previous put open interest - current put open interest